JAKARTA - PT PAM Mineral Tbk (NICL) still has IDR 45.58 billion left from the initial public offering (IPO) until the first half of 2023. The unrealized funds are much more than the capital expenditure allocation.

Suhartono, Corporate Secretary of NICL conveyed the IPO's net proceeds of IDR 195.13 billion, of which 36.58% or IDR 71.38 billion is planned to be allocated for capital expenditure and IDR 63.41% or IDR 123.75 billion for working capital.

Since the IPO on June 30 2021, IPO funds that have been realized for capital expenditures are IDR 25.79 billion or 13% and working capital IDR 123.75 billion or 63.41 billion. A total of IDR 4.59 million of the total remaining IPO funds was placed at Bank Mayapada with an interest rate of 4% for seven days.

This issuer paid dividends of IDR 28.98 billion or IDR 3 per share from profits for the 2022 fiscal year on May 3, 2023. Net profit attributable to the parent entity was recorded at IDR 149.72 billion, retained earnings that were not restricted for use IDR 142.64 billion, and total equity of IDR 497.31 billion. (LK/LM)