Timah Agrees 30% Dividend Payout Ratio
Jakarta. State-owned tin miner Timah (TINS) announced on Thursday it will pay shareholders Rp 312 billion ($20.8 million) in dividends, equivalent to 30 percent of the company's net profit in the fiscal year 2022.
Timah produced around 20,000 tons of tin ores last year and reported Rp 12.5 trillion in revenues and Rp 1.04 trillion in net profit.
The annual shareholders' meeting in Jakarta on Thursday also agreed on the appointment of Ahmad Dani Virsal as the chief executive officer replacing Achmad Ardianto, who is now the human resources director at fellow mining firm Aneka Tambang (Antam).
Below is the new management structure at Timah after the shareholders' meeting:
CEO: Ahmad Dani Virsal
Operation and Production Director: Nur Adi Kuncoro
Finance Director: Fina Eliani
HR Director: Tigor Pangaribuan
Business Development Director: Koko Wigyantoro
Chief Commissioner: M. Alfan Baharudin
Independent Commissioner: Agus Rajani Panjaitan
Commissioners: Yudo Dwinanda Priaadi, Sufyan Syarif, Rustam Effendi
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