JAKARTA. PT Medco Energi Internasional Tbk (MEDC) is readying interim dividend distribution of USD 25.89 million or IDR 15.75 per share.

Siendy K. Wisandana, Corporate Secretary of MEDC, mentioned that the plan is in line with the decision made by the board of directors a few days ago. “It had been approved by the board of commissioners on October 1, 2024,” added Siendy in the information disclosure in Indonesia Stock Exchange (IDX).

The interim dividend will be allocated to shareholders of MEDC whose names have been listed by the recording date on October 15, 2024. The interim dividend payment is then scheduled on November 1, 2024.

According to IDNFinancials data, MEDC recorded net profit of USD 200.99 million in the first half (H1) of 2024. Then, as of June 30, 2024, the company reported retained earnings of USD 1.39 billion and total equity of USD 2.18 billion. (KR/ZH)