JAKARTA. PT Mark Dynamics Indonesia Tbk (MARK), a glove cast and sanitation product manufacturer, will distribute final dividend of IDR 114 billion or IDR 30 per share.

Ridwan, President Director of MARK, mentioned that said decision is made based on the result of Annual General Meeting of Shareholders held on May 15, 2024. In said meeting, shareholders agreed to allocate 85% of 2023 net profit as cash dividend.

For the record, MARK had previously distributed interim dividend of IDR 19 billion or IDR 5 per share on November 17, 2023. Therefore, the total dividend for the fiscal year 2023 is IDR 133 billion or IDR 35 per share.

The final dividend will be channelled to MARK’s shareholders whose names have been listed by the recording date on May 29, 2024. The final dividend is to be paid on June 14, 2024.

According to IDNFinancials data, MARK reported net profit of IDR 159 billion in 2023. After allocating dividend, IDR 200 million will then be taken out from its net profit as general reserves. The remainder will be stored as retained earnings in order to improve working capital. (KR/ZH)