JAKARTA. PT Triputra Agro Persada Tbk (TAPG), a palm and rubber plantation company, reported dividend income of IDR 870 billion from one of its subsidiaries, PT Union Sampoerna Triputra Persada (USTP).

Joni Tjeng, Corporate Secretary of TAPG, said that this dividend was received on July 17, 2024. The stock ownership of TAPG in USTP is 50%.

According to IDNFinancials data, USTP is a company engaged in the palm plantation and refinery industry. It started its operation in 2007 with operational areas covering Central and West Kalimantan. 

Until Q1 2024, TAPG booked cash and cash equivalent of IDR 1.08 trillion, total assets of IDR 13.89 trillion, and total equity of IDR 11.72 trillion. (KR/ZH)