JAKARTA. PT Budi Starch & Sweetener Tbk (BUDI), a processed food manufacturer under Sungai Budi Group, announces its plan to distribute interim dividend of IDR 26.99 billion or IDR 6 per share.

Alice Yuliana, Corporate Secretary of BUDI, mentioned that said plan aligns with the decision made by the board of directors a couple of days ago. “It then had been approved by the board of commissioners on October 31, 2023,” she added in the information disclosure in Indonesia Stock Exchange (IDX).

The interim dividend will be given out to BUDI’s shareholders whose names have been registered by the recording date on November 14, 2023. The interim dividend payment is then scheduled to take place on December 1, 2023.

According to IDNFinancials data, BUDI had scored net profit of IDR 71.68 billion at the end of September 2023. Then, it also held onto retained earnings of IDR 558.46 billion and total equity of IDR 1.48 trillion.

As of now, 26.70% of BUDI’s shares are under PT Sungai Budi. PT Budi Delta Swakarya has another 33.06%, while public investors claim the remaining 40.24%. (KR/ZH)