Astra Agro Approves Final Dividend Payment, Appoints New President Director

Listed Indonesian palm oil company Sawit Sumbermas Sarana seeks to raise $300 million by selling global bonds in the third or fourth quarter to refinance its debts and fund the working capital, the company said in a statement on Thursday (08/06). (Photo courtesy of Rainforest Action Network)

By : Muhamad Al Azhari | on 9:38 AM April 15, 2017
Category : Business, Corporate News

Jakarta. Shareholders of Astra Agro Lestari, an agriculture unit of diversified conglomerate Astra International, approved a final dividend payment of Rp 900 billion ($67.7 million), or Rp 469 per share.

"The dividend will be distributed on May 12 to the shareholders listed as the company's shareholders on April 25," the company announced in a filing to the Indonesia Stock Exchange (IDX) on Thursday (13/04).

The dividend is equivalent to 45 percent of the company's total net income of Rp 2.1 trillion last year, which nearly tripled from the preceding year.

Astra Agro also appointed new directors and commissioners.

Santosa was appointed as president director to replace Widya Wiryawan, who now serves as president commissioner.

Djony Bunarto Tjondro was appointed as a commissioner, replacing Johannes Loman. The company also appointed Angky Utarya as independent commissioner, replacing Anugerah Pekerti

Bambang Wijanarko, Handoko Pranoto, Rujito Purnomo and M. Hadi Sugeng were appointed as directors to replace Bambang Palgoenadi, Juddy Arianto, Joko Supriyono and Jamal Abdul Nassar.

Mario C. S. Gultom replaces Rudy as independent director.

All other directors and commissioners remain in their posts.

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