Bisnis.com, JAKARTA – Cum dividends of the Pelindo Group subsidiary, PT Jasa Armada Indonesia Tbk. (IPCM) worth IDR 20.05 billion will fall tomorrow, Friday (5/1/2024).

IPCM President Director Shanti Puruhita said IPCM consistently distributes interim dividends to its shareholders, as has been done in previous years.

“This is a form of IPCM’s commitment to shareholders who always support IPCM’s achievements,” said Shanti in her statement quoted Thursday, (4/1/2024).

If you calculate the number of outstanding shares as 5.27 billion shares excluding treasury shares, then the dividend per share that shareholders will receive is IDR 3.80 per share.

Meanwhile, if we refer to the IPCM share price as of Thursday (4/1/2024) at the level of IDR 284 per share, the dividend yield that will be received is 1.3%.

Meanwhile, cum dividends in the regular and negotiated markets will fall on January 5 2024, while the recording date will fall on January 9 2024, and payment will be made on January 26 2024.

Looking 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% year-on-year (yoy) from IDR 101.67 billion in the same period in 2022.

The increase in IPCM’s net profit was driven by net income of IDR 858.11 billion or an increase of 27.87% yoy compared to the first quarter of 2022 of IDR 671.05 billion.

In detail by segment, IPCM’s revenue was supported by ship services amounting to IDR 720.99 billion, followed by transportation and other services amounting to IDR 105.61 billion, and ship management services amounting to IDR 31.5 billion.

Shanti said that the commercialization of the IPCM business throughout 2023 can also be seen from the signing of various IPCM collaborations with partners, namely PT Cemindo Gemilang Tbk. (CMNT), PT Nusantara Regas, PT Jawa Satu Power, PT Cirebon Electric Power, PT Cirebon Energi Prasarana, PT Langlang Laju Layang and PT Pelabuhan Bukit Prima.

Apart from that, IPCM has also signed a cooperation agreement regarding pilotage and towing services with Pelindo Jasa Maritim Subholding for the entire Regional 2 area of PT Pelabuhan Indonesia (Persero).

He said, with a number of commercializations of this business, IPCM was able to see expansion opportunities from the current developments in TUKS and Tersus which supported IPCM’s revenue growth, including a series of tariff adjustments that IPCM was pursuing starting March 2023.

“Throughout 2023 IPCM will also strive for sustainable efficiency through fleet transformation, digitalization of operations and fuel savings,” concluded Shanti.

IPCM interim dividend payment schedule:

Cum Interim Dividend in Regular and Negotiated Markets: January 5, 2024

Ex Interim Dividend in Regular and Negotiated Markets: January 8, 2024

Cum Interim Dividend in Cash Market: January 9, 2024

Ex Interim Dividend in Cash Market: January 10, 2024

Recording Date for Entitlement to Interim Dividends (DPS): January 9, 2024

Implementation of Interim Dividend Payment: January 26, 2024