Wednesday, 20 October 2021 | 12:54 WIB

Indofood Distributes Dividends of IDR237 per Share

Indofood Distributes Dividends of IDR237 per Share (moneter)

JAKARTA, NNC - PT Indofood Sukses Makmur Tbk (IDX:INDF) for the fiscal year 2017 decides to pay out cash dividends amounting to IDR2 trillion according to the resolution in the Annual General Meeting of Shareholders (AGMS) held today. This dividend is equivalent to 50 percent of the company's profit last year which reached IDR4.17 trillion in 2017.

Director of INDF Thomas Tjhie after the meeting explained the dividends distributed to shareholders amounted to IDR237 per share. "This cash dividend will be paid on July 5, 2018," said Thomas, in Jakarta, Thursday (5/31/2018).

The Company recorded a net profit hike of 0.6 percent in 2017 compared to 2016's IDR4.14 trillion. This is in line with the rise in INDF's consolidated net sales by 5.3 percent to IDR70.19 trillion in 2017 from IDR66.66 trillion in 2016.

"This year, we are targeting sales growth of 2-5 percent," said Anthoni Salim, President Director of INDF.

In addition, continued Anthoni, the company will allocate capital expenditure (capex) of IDR9.1 trillion. The capex will be used for investment activities and expansion of INDF's four main business divisions namely ICBP, Bogasari, Agribusiness and Distribution.

"The funding source of capital expenditure is from internal cash generated from operations and bank loans. The ratio is flexible," he added.