PTBA Distributes 100 Percent Dividend from 2021 Net Profit


“At the AGM, the shareholders approved the use of 100 percent of the 2021 net profit of Rp. 7.9 trillion as dividends,” said PT Bukit Asam Tbk President Director, Arsal Ismali.

He said that the consideration of dividend distribution of 100 percent of net income was in line with the large cash flow in the company.

“The position at the end of last year was Rp. 13 trillion. At this time, we distributed 100 percent of Rp. 7.9 trillion of all 2021 profits, it will not interfere with cash conditions,” said Arsal.

Arsal said that cash funds for the company’s development were still available. By looking at this, the company agreed that the request of shareholders to be approved for the distribution of dividends of 100 percent of the 2021 net profit.

Arsal said that shareholders also agreed that there was no proposed change in the composition of the company’s management at the AGM. PT Bukit Asam Tbk (PTBA) made history by posting the highest net profit throughout the company’s operations. PT Bukit Asam Tbk recorded a net profit of Rp 7.91 trillion.

PT Bukit Asam Tbk’s net profit rose 231 percent from its 2020 achievement of Rp 2.39 trillion. Operating income grew 69 percent to IDR 29.26 trillion in 2021 from the same period the previous year of IDR 17.33 trillion.

In addition to the stipulation of the use of net income, through the GMS also approved the annual report, the approval of the company’s consolidated financial statements, the approval of the supervisory report of the board of commissioners. Then the ratification of the financial annual report and the implementation of the company’s social and environmental responsibility program for the 2021 financial year.

Furthermore, the stipulation of bonuses for the company’s directors and board of commissioners for the 2021 financial year, and salaries or honoraria along with facilities and allowances for the 2022 financial year. Then the approval of the appointment of a public accounting firm for auditing the company’s financial statements and funding programs for micro and small businesses for the 2022 financial year, and the approval changes to the company’s articles of association.