JAKARTA. PT AKR Corporindo Tbk (AKRA), a distributor of industrial and retail fuel, is arranging the distribution of interim dividend of IDR 986.86 billion or IDR 50 per share.

Suresh Vembu, Director and Corporate Secretary of AKRA, said that this plan conforms to the result of the company’s board of directors a couple of days ago. “It had been approved by the board of commissioners on July 24, 2023,” he added in the information disclosure in Indonesia Stock Exchange (IDX).

The cash dividend will be distributed to AKRA’s rightful investors who have their names listed in the official register of shareholders by August 7, 2023. Then, the dividend payment is scheduled to take place on August 16, 2023.

According to IDNFinancials data, AKRA scored IDR 1.03 trillion of net profit. In addition, it still held onto unrestricted retained earnings of IDR 9.12 trillion and total equity worth IDR 10.99 trillion.

For the record, AKRA allocated cash dividend of IDR 1.48 trillion or IDR 75 per share in the fiscal year 2022. The amount of said cash dividend is equivalent to 61.6% of the net profit in 2022, which amounted to IDR 2.4 trillion. (KR/ZH)