JAKARTA – Stock price of PT Barito Renewables Energy Tbk (BREN) climbed by IDR 300 at 10 AM WIB since the opening bell today (4/12) to IDR 6,825 per share.

The jump in price is allegedly an effect after the announcement of interim dividend distribution on December 20.

Based on IDNFinancials data, this Prajogo Pangestu’s company is set to distribute interim dividend of IDR 506.15 billion or IDR 3.78 per share.

The allocation is made considering the record of its net profit of USD 86.05 million, unrestricted retained earnings of USD 549.74 million, and total equity of USD 376 million.

BREN’s record in Q3 2024 improved from the same period last year. In Q3 2023, its net profit only reached USD 84.47 million, unrestricted retained earnings USD 483.07 million, and total equity USD 444.10 million.

As of October 2024, BREN listed 44,853 shareholders and free float of 11.64% of total 133.78 billion listed shares. (LK/ZH)