JAKARTA – The dividend of PT Jembo Cable Company Tbk (JECC) soared 150% higher in 2023 compared to 2022. The dividend surge is made possible following an increase in net profit last year.

Quoted from information disclosure today (28/5), Antonius Benady, Corporate Secretary of JECC, mentioned that the cash dividend is set to IDR 37.80 billion from 2023 net profit of IDR 64.39 billion. “The dividend is IDR 250 pr share to be distributed to 151.2 million shares issued by the company,” the management said.

The remaining profit is stored as retained earnings, worth IDR 20.87 billion, following the allocation of general reserves of IDR 2.5 billion, and directors and commissioners’ bonus of IDR 3.21 billion.

In 2022, it used to allocate cash dividend of IDR 15.12 billion from the net profit attributable to the parent entity of IDR 57.62 billion. The profit was then allocated as retained earnings of IDR 35.99 billion, bonus for directors and commissioners of IDR 4.01 billion, and reserves of IDR 2.5 billion. (LK/ZH)