JAKARTA - PT Pembangunan Jaya Ancol Tbk (PJAA) reportedly received interim dividend of 2024 of IDR 100 billion from its subsidiary, PT Taman Impian Jaya Ancol (TIJA), the managing company of recreational park in Jakarta. However, the amount of dividend decreased 71.42% year-on-year (yoy) from IDR 350 billion seen last year.

Daniel Nainggolan, Director of PJAA, confirmed that interim dividend for the fiscal year (FY) 2024 from TIJA had been received last week (30/8).

The declining interim dividend from TIJA to PJAA is in line with its unsatisfactory profit recorded in the first half (H1) of 2024, in which this Jakarta-owned company reported profit of only IDR 59.82 billion. It plummeted 44.05% yoy from IDR 107.74 billion.

The PJAA’s profit decrease resulted from revenue that shrank to IDR 567.95 billion in H1 2024 from IDR 578.62 billion in H1 2023.

Tourism segment still brought in most of PJAA’s revenue, recording income of IDR 420.46 billion, followed by real estate of IDR 104.51 billion, and service trading of IDR 110.16 billion.

In the meantime, the cash dividend allocated by PJAA to shareholders for FY 2023 was IDR 51.99 billion or IDR 32 per share. The allocation was made based on net profit of IDR 235.17 billion, retained earnings of IDR 1.29 trillion, and total equity of IDR 1.66 trillion. (LK/ZH)