JAKARTA. PT Paramita Bangun Sarana Tbk (PBSA), a building construction company, will channel out cash dividend worth IDR 159 billion or IDR 53 per share.

This dividend allocation is equal to 82.5% of PBSA’s net profit in 2023, which was recorded at IDR 192.83 billion.

Prior to this, on December 29, 2023, PBSA had given out interim dividend of IDR 120 billion or IDR 40 per share. Thus, the remaining final dividend that still needs to be paid out by the company is IDR 39 billion or IDR 13 per share.

In the General Meeting of Shareholders (GMS) held a couple of days ago, PBSA’s shareholders also agreed upon the allocation of IDR 1 billion from its net profit as capital reserves. The remaining net profit will be recorded as retained earnings to promote operational activities and business development.

According to IDNFinancials data, PBSA’s net profit grew 44.25% year-on-year (yoy) in 2023. Although its revenue was corrected 21.74% yoy to IDR 572.76 billion, its net profit shifted positively due to heightened net profit margin of 33.67%. (KR/ZH)