JAKARTA. Annual General Meeting of Shareholders (AGMS) of PT Alam Sutera Realty Tbk (ASRI) agreed to hold off net profit of 2023 of IDR 639.1 billion as retained earnings. Thereby, the company will not distribute dividend from the net profit of 2023.

President Director of ASRI, Joseph Sanusi Tjong, further explained that the net profit will be used as general reserves, of IDR 1 billion, while the remaining IDR 638.1 billion will be used as retained earnings.

Tjong then mentioned that in 2023, the company booked operating revenue of IDR 3.96 trillion, with gross profit of IDR 2.15 trillion and comprehensive current year’s net profit of IDR 639.1 billion.

According to Tjong, the primary contributor of this profit is real estate sales of IDR 3.19 trillion, or equal to 80.71% of total operating revenue. The contribution of recurring income in 2023 reported increase to IDR 762.9 billion from the previous IDR 649.1 billion, which was generated from property management and lease, as well as hospitality and tourism services.

AGMS also approved the resignation of RM Frangky AD as director, replaced by Tri Tamtomo. Then, AGMS also agreed upon the addition of two new directors, Sari Setianingrum and Emil Syarif Husen. (AM/ZH)