JAKARTA. PT Aneka Tambang Tbk (ANTM), a state-owned gold mining company under MIND ID, will distribute the entirety of its net profit in 2023 as cash dividend.

Syarif Faisal Alkadrie, Corporate Secretary Division Head of ANTM, said that this decision is made based on the Annual General Meeting of Shareholders held last week. This decision is said to be able to generate added value and return for shareholders.

The cash dividend will be given to shareholders whose names have been listed by the recording date on May 22, 2024. The cash dividend payment is due on June 7, 2024, with the total dividend per share of IDR 128.07.

For the record, ANTM booked net profit of IDR 3.07 trillion in 2023. Although the entirety of it is allocated as cash dividend, the company still holds onto its unrestricted retained earnings of IDR 13.9 trillion.

The cash dividend allocation has considered the needs of investment funding of ANTM. According to the data compiled by IDNFinancials, the company plans to allocate investment worth IDR 4.5 trillion this year. Approximately IDR 1 trillion will be channelled to exploration needs, leaving the remainder for the Smelter Grade Alumina Refinery (SGAR) project.

“Looking at our financial condition and the forecast of our performance in 2024, as well as the cash flow we recorded in 2023, the company remains optimistic about being able to fund investments,” said I Dewa Wirantaya, Director of Business Development of ANTM, in the press conference.

At yesterday’s (13/5) session, ANTM’s stock price weakened 10 points or 0.65% to IDR 1,525 per share. The stock price has slipped 210 points or 12.10% down since the beginning of this year, but actually increased 855 points or 127.61% within the past 5 years. (KR/ZH)