28 June 2023
Jakarta, 28 Juni 2023 – PT Trimegah Bangun Persada Tbk (NCKL) will distribute cash dividends of 30% (thirty percent) of its total net profit in 2022 or around Rp 1.4 trillion.
Cash dividend distribution has obtained approval from the Company's shareholders who attended the Annual General Meeting of Shareholders (AGMS) held in Jakarta, Wednesday (28/06/2023).
According to the prevailing capital market regulations, dividend payments will be made no later than 30 days after the AGMS results announcement on a schedule and procedure that will be announced soon.
NCKL President Director Roy A. Arfandy stated that NCKL is committed to continuing to support government programs in advancing nickel industry from upstream to downstream.
"The Company will continue to invest and build production facilities that can increase production volume and added value of its products. For this reason, the Company will continue to maintain a healthy and strong financial position to anticipate future working capital needs," Roy said.
Roy further emphasized that NCKL will also continue to work with partners in transferring technology and improving human resource skills.
In terms of sustainability, Roy emphasized, "The Company is committed to sustainable integration in business processes, local community involvement and development, and also environment. The five main focus areas of the community development program are health, education, economy, social and infrastructure."
In the AGMS, NCKL also obtained shareholder approval for Annual Report and Audited Consolidated Financial Statements of the Company and its Subsidiaries as well as Implementation Report of the Board of Commissioners' Supervisory Duties for Financial Year 2022.
In addition to dividend distribution of Rp 1.4 trillion, shareholders also approved NCKL's use of operating results for fiscal year 2022 as a reserve fund of 0.17 percent or Rp 8 billion; interim dividends, and the rest is recorded as retained earnings to support operational and development activities of the Company.
At the same occasion, NCKL also presented a Realization Report on Utilization of Proceeds from its Initial Public Offering (IPO) of Rp 9.9 trillion to the shareholders.
Total realized funds amounted to Rp 5.8 trillion, while released funds for the Public Offering amounted to Rp 258 billion. The partial realization of funds was in line with the planned use of funds submitted in the prospectus, i.e. for debt repayment, loans, capital expenditures and capital deposits to associates.
Another agenda item in this AGMS is granting authority to the Board of Commissioners to appoint a Registered Public Accountant Firm to audit Financial Statements of the Company for the fiscal year ending on 31 December 2023, and determination of salary and/or honorarium for Board of Commissioners and Board of Directors members.