Since we launched IPO (initial public offering) in 2008, we have always paid dividends to shareholders."Jakarta (ANTARA News) - Publicly listed coal mining company PT Adaro Energy (ADRO) will pay final cash dividends of US$75.17 million or 32.15 percent of its last years net profit to shareholders this year.
The dividends included interim dividends of US$40 million paid on January 16 this year, Adaro Energy President Director Garibaldi Thohir stated here on Friday.
"Since we launched IPO (initial public offering) in 2008, we have always paid dividends to shareholders. In addition, we also paid income tax of US$190 million and royalties of US$348 million to support national development," he noted.
Garibaldi added that US$153.75 million of the companys net profit last year would be used as retained earning.
The company will continue to focus on realizing plans to increase the value of its assets, he pointed out.
"Our capital structure remains healthy, with the ratio of net liabilities to EBITDA (earnings before interest, taxes, depreciation, and amortization) reaching US$860 million, EBITDA margin 1.87 times and access to liquidity US$1.11 billion," he explained.
At the annual general meeting of the companys shareholders earlier in the day, shareholders also agreed to appoint Siswanto Prawroatmodjo as a director of Adaro Adaro Energy until April 2016.
(Reporting by Zubi Mahrofi/Uu.INE/KR-BSR/A014)
Editor: Priyambodo RH
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