JAKARTA - PT Cita Mineral Investindo Tbk (CITA) allocates IDR 39.60 billion for dividend, 81.81% lower than the dividend for the fiscal year 2021 of IDR 217.81 billion. The decrease in this dividend allocation is in contrast with its surging profit compared to last year.

The data compiled by IDNFinancials today (4/7) mentions that this issuer will distribute dividend of IDR 10 per share to its rightful investors on July 31, according to the official register of shareholders by the recording date on July 12.

CITA scored revenue of IDR 5.69 trillion and net profit of IDR 744 billion last year. Other than dividend, IDR 704.23 billion of the net profit is allocated as retained earnings, leaving the remaining IDR 1 billion as general reserve.

In 2021, CITA booked revenue of IDR 4.57 trillion and gained IDR 568.35 billion of profit, IDR 217.81 billion of which was allocated as cash dividend, equal to IDR 55 per share. Then, the retained earnings as well as total equity were recorded at IDR 2.13 trillion and IDR 3.67 trillion. (LK/ZH)