JAKARTA. PT Hexindo Adiperkasa Tbk (HEXA), a heavy equipment trader and leasing company, will conduct a cash dividend distribution of USD 41.3 million or USD 0,004916 per share.

Listiana A. Kurniawati, Corporate Secretary of HEXA, mentioned that this plan goes in accordance with the result of Annual General Meeting of Shareholders of HEXA held on September 26, 2023. In this meeting, shareholders agreed to allocate 80% of net profit in 2022 as cash dividend.

“The remaining net profit for the fiscal year ending on March 31, 2023, will be stored as retained earnings,” the management of HEXA explained in the information disclosure.

The cash dividend will be channelled to HEXA’s shareholders whose names have been officially listed by the recording date on October 9, 2023. The dividend payment will be made on October 27, 2023.

According to IDNFinancials data, HEXA recorded net profit of USD 50.12 million at the end of fiscal year 2022. The company then held unrestricted retained earnings of USD 10.32 million and total equity of USD 165.76 million.

As of now, 48.59% of HEXA’s shares are under the control of Hitachi Construction Machinery Co. Ltd., Japan. Itochu Corporation, Japan has another 25.05%, followed by Hitachi Machinery Asia and Pacific Pte. Ltd., Singapore of 5.07%, and public investors of 21.29%. (KR/ZH)