JAKARTA. PT Garuda Food Putra Putri Jaya Tbk (GOOD), a processed food manufacturer established in 1979, will issue cash dividend distribution of IDR 331.92 billion, or IDR 9 per share, from its net profit in the fiscal year (FY) 2023.

I Made Astawa, Corporate Secretary of GOOD, mentioned that the amount of dividend that will be distributed is equal to 57.19% of 2023 net profit. “It follows the result of Annual GMS dated April 30, 2024,” he added in the information disclosure in Indonesia Stock Exchange (IDX).

The cash dividend will be distributed to GOOD’s shareholders whose names have been listed in the Official Register of Shareholders on May 15, 2024. The payment will then take place on May 21, 2024.

For the record, GOOD recorded net profit of IDR 580.41 billion in FY 2023. The Annual GMS also approved the allocation of IDR 3 billion of its 2023 net profit as mandatory reserves, while leaving the remainder to be stored as unspecified general reserves.

As of December 31, 2023, GOOD reported retained earnings of IDR 1.97 trillion, with total equity clocking up to IDR 3.91 trillion.

Yesterday (6/5), GOOD was closed at IDR 418 per share, relatively stagnant. However, since the beginning of this year, it has shifted down 28 points or 6.28%. (KR/ZH)