JAKARTA, NETRALNEWS.COM - The shareholders of a property developer PT Intiland Development Tbk (DILD) have approved the company's management proposal to distribute cash dividends for the 2016 fiscal year amounting to IDR51.8 billion. Each share will get a net profit of IDR5.
"The total dividend payout is equal to 17.3 percent of the net profit of 2016 amounting to IDR298.9 billion," said Theresia Rustandi, Corporate Secretary of the Intiland Development after the Annual General Meeting of Shareholders (AGMS) in Jakarta on Thursday (05/18/2017).
Theresia also explained the share of 2016 net profit amounting to IDR2 billion will be allocated for mandatory reserves. After deductions for the distribution of dividends and mandatory reserves, the remaining profit of IDR245 billion will be placed as retained earnings.
DILD recorded revenues worth IDR2.28 trillion in 2016, up 3.4 percent compared to IDR2.2 trillion in 2015.
Meanwhile, net profit stood at IDR298.9 billion, down 25.4 percent over the previous year. (*)