BSD Spread Rp 262 Billion Dividend to Shareholders

shop8admin, October 11, 2017

General meeting of shareholders (AGM) Tbk PT Bumi Serpong Damai (BSD) decided giving a total dividend of 20% of net income in 2012. Shareholders will receive a dividend of Rp 262 billion, or USD 15 per share.

“The ratio of dividends based on the performance achievements of 2012 and the company’s business plan in 2013. Especially concerning the supply of funds is based on the supply of funds for investment purposes, infrastructure development, expansion up operations. Dividends are also a form of appreciation to all our shareholders,” said Director and Corporate Secretary BSD Hermawan Wijaya in the event AGM / EGM BSD at the Ritz Carlton, Mega Kuningan, Jakarta, Thursday (05/30/2013).

In 2012, the company posted a 52.96% rise in net profit to Rp 1.28 trillion, compared to the same period in 2011 to Rp 870.78 billion. It was due to strong revenue growth in all projects, including residential, commercial, land, and industrial.

“This year we are targeting revenue growth of 20% supported by the launch of 10 residential and commercial projects. Company has also set up capex (capital expenditure / capital expenditure) Rp 3 trillion during the year 2013,” he added.

In addition, it was agreed at the AGM, the company will invest 80% of its net profit as retained earnings and general reserves. Proceeds will be used to strengthen the capital structure of the company, especially in business development and operational finance company and its subsidiaries.

At the EGM also approved management’s plan to conduct additional capital without pre-emptive rights (non-ER) to a maximum of 20% of the company’s capital.

“BSD now have the option to use additional capital when needed no later than 2 years after the approval,” he explained.


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