JAKARTA. PT Budi Starch & Sweetener Tbk (BUDI), a flour and sugar manufacturer operating under Sungai Budi Group, will distribute interim dividend of IDR 22.49 billion.

Alice Yuliana, Corporate Secretary of BUDI, mentioned that the plan is aligned with the decision made by the board of directors a couple of days ago. “It had been approved by the board of commissioners on November 1, 2024,” she added in the information disclosure in Indonesia Stock Exchange (IDX) today (4/11).

The interim dividend will be given to shareholders of CNMA whose names have been listed by the recording date on November 14, 2024. The interim dividend payment will be set to December 5, 2024.

According to IDNFinancials data, BUDI booked net profit of IDR 41.04 billion until September 30, 2024. The company also reported retained earnings of IDR 590.15 billion, with total equity of IDR 1.63 trillion.

At today’s (4/11) transaction, BUDI’s stock price was seen weakening 4 points or 1.71% to IDR 230 per share until 10.38 AM WIB. Meanwhile, since the beginning of this year, the price has slipped 46 points or 16.57%. (KR/ZH)