JAKARTA. PT Galva Technologies Tbk (GLVA) announces the plan of cash dividend distribution of IDR 24 billion, which originates from the net profit in the fiscal year 2022.

Maria Fransiska, Director of GLVA, said that this plan conforms to the result of the General Meeting of Shareholders held on June 15, 2023. In said meeting the shareholders agreed to allocate 30% of the net profit in the fiscal year 2022 as cash dividend.

The cash dividend will be channelled out of GLVA's shareholders whose names have been registered by the recording date on June 27, 2023. The dividend payment will take place on July 18, 2023.

According to IDNFinancials data, GLVA booked net profit of IDR 79.31 billion in the fiscal year 2022. The company also recorded retained earnings of IDR 154.66 billion and total equity of IDR 296.96 billion.

As of now, 65.49% of GLVA's shares are controlled by PT Elsis Prima Karya. Public investors claim another 32.10%, leaving the remainder to Oki Widjaja. (KR/ZH)