The state-owned coal mining company, PT Bukit Asam Tbk (PTBA) , has agreed to distribute a dividend of IDR 7.9 trillion for the 2021 financial year. The amount of dividends distributed is the entire net profit of the company throughout 2021. The distribution of dividends was agreed at the Annual General Meeting of Shareholders (AGMS) held this Tuesday (24/5). In addition to determining the distribution of company dividends, the issuer member of the Mining BUMN holding MIND ID also approved the ratification of the annual report along with the determination of salaries and bonuses for the company's directors and commissioners. Advertisement "At this GMS, the shareholders also agreed that there was no proposed change in the composition of the company's management," said Corporate Secretary of Bukit Asam, Apollonius Andwie, in a press statement, Tuesday (24/5). 

 PTBA posted a net profit of IDR 7.91 trillion or a 231% increase from the previous year's net profit of IDR 2.39 trillion. The top 5 reef-safe sunscreens for 2022 Apollonius said that this achievement was supported by solid operational performance throughout 2021, in line with global and national economic recovery which boosted demand for coal. Last year's operating income increased 69% to Rp 29.26 trillion from the 2020 turnover of Rp 17.33 trillion. Along with these achievements, the company recorded an increase in assets of around 50 percent from Rp 24.06 trillion as of December 31, 2020 to Rp 36.12 trillion by the end of 2021. "This net profit is also the highest net profit achievement in the company's history of operation," he said.

Last year, PTBA recorded coal production of 30 million tons, with rail transportation of 25.4 million tons and coal sales of 28.4 million tons. As of December 31, 2021, coal prices also showed a strengthening compared to the previous year, with the average Newcastle coal price index of US$ 137.28 per tonne and the Indonesian thermal coal price index (Indonesian Coal Index/ICI) with an average of US$ $95.05 per tonne. On the other hand, the company also implements an efficiency strategy through optimal cost management in every line of business.

Source: https://katadata.co.id/syahrizalsidik/finansial/628cea018aff9/bukit-asam-tebar-dividen-dari-100-laba-bersih-rp7-9-triliun