Pasardana.id – PT Jasa Armada Indonesia Tbk (IDX: IPCM) will distribute a mid-year or interim dividend of IDR 3.8 per share to investors listed in the Register of Shareholders (DPS) at the close of the stock exchange on January 5 2024, or regular market cum dividends and negotiation.

Meanwhile, the cash market cum dividend will fall at the close of the stock exchange on January 9 2024.

If we refer to the IPCM price at level 282 at 13.49 WIB, the dividend yield is 1.34 percent.

The port operator issuer will send cash dividends with a total value of IDR 20.051 billion to investors’ Customer Fund Accounts (RDN) on January 26 2024.

This plan is the result of a decision by the Board of Directors which was approved by the IPCM Board of Commissioners on December 21 2023 with reference to the performance in semester 1 2023.

In the financial report for semester 1 2023, the Pelindo subsidiary earned a net profit of IDR 83.932 billion, so the balance of retained earnings whose use was not restricted reached IDR 161.3 billion.

Meanwhile, in the nine months of 2023, IPCM recorded an annual increase in profit of 17.8 percent to IDR 119.78 billion.

This result was supported by an increase in revenue of 27.87 percent to IDR 858.11 billion from IDR 671.05 billion (YoY) for the 9 month period in 2023.

The main contribution to IPCM’s revenue came from ship services amounting to IDR 756.28 billion or 88.13 percent of total revenue.

Other income contributions were transportation and other services amounting to IDR 70.33 billion or 8.19 percent and ship management services amounting to IDR 31.50 billion or 3.67 percent.

Revenue from ship towing services consisting of general ports amounting to IDR 326.02 billion, Special Terminals (Tersus) amounting to IDR 227.47 billion and Terminals for Own Use (TUKS) amounting to IDR 163.72 billion.

The increase in Tersus income in this period experienced a higher increase when compared to TUKS income, with respective increases of 73.74 percent and 34.99 percent compared to the 2022 period.

Meanwhile, the cost of revenue increased by 32.95 percent from IDR 480.68 billion to IDR 639.09 billion, most of which was contributed by the increase in fuel prices.