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Palm Oil and Wood Company - DSNG Shared Cash Divident about Rp 233,2 Billion for 2023 Fiscal Year

Doc. of DSNG for InfoSAWIT/PT Dharma Satya Nusantara Tbk (DSNG) conducted Annucal General Shareholders Meeting for 2023 Fiscal Year.
Palm Oil and Wood Company - DSNG Shared Cash Divident about Rp 233,2 Billion for 2023 Fiscal Year

InfoSAWIT, JAKARTA – PT Dharma Satya Nusantara Tbk (DSNG) conducted annual general shareholders meeeing for 2023 fiscal year in the Harris Hotel and Conventions Kelapa Gading, Jakarta on Wednesday (5/6/2024). One significant decision in the meeting was the approval to share dividend for about Rp 233,2 billion or Rp 22 per share. The cash dividend would cover about 28 percent from the net profits of the company.

The meeting was joined by directors and board of commissioners of the company online. There were about 9.888.383.654 shareholders joining the meeting or about 93,288 percent of the total shares.

Director of PT Dharma Satya Nusantara Tbk, Andrianto Oetomo said that the dividend would be shared to every shareholder based on the available regulations, at least, 30 days after the conclusion of the meeting would be announced to the public.

“The company would not put aside of mandatory reserve fund because it reached the minimum numbers that is mandated by the available regulation,” Andrianto said.

Since the implementation of initial public offering (IPO) in 2013, DSNG always shares the cash dividend for every shareholder, including in 2023. Even though last year the company faced big challenges, such as, the increasing production cost because of the expensive fertilizers from geopolitics between Russia and Ukraine, and the sluggish economy in the world and also the expensive loan rate that delivered impacts for property and wood products in the world, DSNG still got positive performance.

“We would do the best to maintain EBITDA and profits good even though they got decreased to the 2022. As a public company, we are committed to always deliver additional values for every shareholder by getting profits, though the economic condition in the world gets slower and the geopolitics factor that made fertilizers more expensive,” Andrianto said, as in the official statement to InfoSAWIT, Wednesday (5/6/2024).

In 2023, DSNG sold up to Rp 9,4 trillion, EBITDA reached Rp 2,4 trillion, and net profits reached Rp 842 billion. Palm oil business would be the main contributor that reached 88% to the income of the company, then wood products reached 11,3% and renewable energy reached 0,7%.

Besides sharing the dividend, the meeting also approved to get publc account, Budi Susanto, SE, M.B.A, CPA, from Kantor Akuntan Publik Siddharta Widjaja dan Rekan to audit the financial report for 2024 fiscal year. (T2)