JAKARTA. PT Ace Hardware Tbk (ACES), a retail company under Kawan Lama Group, will distribute cash dividend of IDR 573.53 billion or IDR 33.5 per share taken out of its 2023 net profit.

Said allocation is made based on the decision of Annual General Meeting of Shareholders of ACES, which was held on June 7, 2024. In said meeting, shareholders agreed to allocate 75% of the company’s net profit in 2023 as cash dividend.

“The remaining net profit of the company will be stored as retained earnings,” said Christy Kusumaatmaja, Corporate Secretary of ACES, in the official release.

The cash dividend will be given to shareholders of ACES whose names have been listed by the recording date on June 21, 2024. The cash dividend payment is due July 5, 2024.

According to IDNFinancials data, ACES reported net profit of IDR 763.51 billion in 2023. The net profit increased 14.93% year-on-year (yoy), supported by its revenue that reached IDR 76.1 trillion. (KR/ZH)