GEMS decided on interim dividend of IDR 505.75 per share

Sinarmas Group’s coal mining mogul, PT Golden Energy Mines Tbk (GEMS), plans to distribute interim dividends of the fiscal year 2022 worth IDR 2.97 trillion or IDR 505.75 per share.

In the information disclosure yesterday (1/9), Corporate Secretary of GEMS, Sudin Sudirman, announced that, “the company has agreed and decided on interim dividend distribution of the fiscal year 2022 worth USD 200 million ot USD 0.0340 per share.” Then, using Bank Indonesia mid-rate on August 31, 2022, which was IDR 14,875.01 per USD, the total interim dividend could be rounded up to IDR 2,975,000,029,750 ot IDR 505.75 per share.

The cum dividend date in the regular and negotiation market is set to September 9, 2022, and September 13, 2022 for the cash market. Then, the ex dividend in the regular and negotiation market will fall on September 12, 2022, while ex dividend in the cash market followd on September 14, 2022. The recording date is scheduled for September 13, 2022, before the interim dividend payment, which will be disbursed on September 21, 2022.

Based on the Financial Statement of H1 2022 of GEMS, it posted net profit of USD 335.92 milion, proliferating 134.13% from USD 143.47 million reported in the same period last year. This net profit surge was accompanied with the revenue growth of 82% year-on-year (yoy) from USD 733.59 million to USD 1.33 billion.

Source: https://www.idnfinancials.com/news/44164/gems-decided-interim-dividend-idr-share