Bisnis.com, JAKARTA – Pelindo Group subsidiary, PT Jasa Armada Indonesia Tbk. (IPCM) opened up about plans to distribute dividends for the 2023 financial year, which will be distributed next year.

IPCM President Director, Shanti Puruhita, said that the dividend distribution plan was in line with the company’s impressive performance throughout the current year 2023, both in terms of profit and income.

“Seeing that our fundamental performance is in line with the planned performance target until the end of 2023, we are indeed planning to distribute dividends, as we did in previous years,” said Shanti in IPCM’s public presentation, Thursday, (30/11/ 2023).

However, he said that his party still could not reveal the amount of dividends that would be distributed or the date of payment, because the company was still waiting for approval from the commissioner.

“Regarding how much and when, of course we will follow the history of the previous year. “But we can’t convey it at this time because we haven’t gotten approval from the commissioner,” he said.

Based on Bisnis records, IPCM disbursed dividends for the 2022 financial year totaling IDR 113.02 billion, which were paid on July 21 2023. The dividend payout ratio (DPR) was 75.20% of 2022 net profit.

Referring to the 2022 financial report, IPCM posted a net profit of IDR 150.65 billion or an increase of 10.30% year-on-year (yoy) compared to the 2021 net profit of IDR 136.58 billion.

Meanwhile, if you look at the latest financial performance, IPCM recorded a net profit of IDR 119.78 billion as of September 30 2023, or an increase of 17.81% yoy from IDR 101.67 billion in the same period in 2022.

As a result, IPCM hopes to achieve a higher net profit in 2023 compared to the previous year, so that the amount of dividends distributed to shareholders can increase.

“We can say, there will definitely be dividend distribution, the clue can be seen in the performance, yes, if our performance is better than the previous year, we hope to be able to satisfy fellow investors,” concluded Shanti.

MNC Sekuritas analyst Herditya Wicaksana said that IPCM shares are still held back by the MA60. According to him, IPCM shares are interesting to observe in terms of the MACD and Stochastic indicators which are expected to point to the positive area.

“The trading buy recommendation for IPCM shares, the support level is IDR 276 per share, while the resistance level is IDR 284 per share,” said Herditya to Bisnis on Thursday, (30/11/2023).

On the other hand, Binaartha Sekuritas analyst Ivan Rosanova said that IPCM shares were still moving limitedly with a tendency for short-term correction to the area of IDR 262 to IDR 272.

“Confirmation of the continuation of the previous uptrend will only occur if there is an increase above IDR 306,” said Ivan to Bisnis.