ELNUSA AGMS Consistently Distributes Dividends of 50% of Net Profit
Jakarta, June 7, 2023 – The Annual General Meeting of Shareholders (AGMS) for the fiscal year 2022, PT Elnusa Tbk has declared a dividend distribution of IDR 189 billion or 50% of net profit. The dividend percentage remains consistent with the previous year.
The AGMS of PT Elnusa Tbk (ELNUSA, IDX: ELSA) for the fiscal year 2022 was held in a hybrid format on Tuesday, June 6, 2023.
Corporate Secretary of Elnusa, Asmal Salam, stated that 2022 was the year that Elnusa successfully recovered from the pressures it faced since the 2020 pandemic. The company recorded a revenue of IDR12.3 trillion in 2022, a 51% Year on Year (YoY) increase from IDR8.1 trillion in 2021, with a net profit of IDR378 billion. This revenue grew substantially by 248% Year on Year (YoY) compared to IDR108 billion in 2021.
"These achievements were driven by growth in all the company's business segments, in line with the increased upstream oil and gas activities and the demand for industrial and public fuel," Asmal said.
Asmal further explained that based on these accomplishments, the AGMS approved a dividend distribution of IDR189 billion or 50% of the Net Profit for the fiscal year 2022. This distribution is equivalent to IDR25.90 per share, while the remainder will be retained earnings for the company.
Fadjar Djoko Santoso, Vice President of Corporate Communication of PT Pertamina (Persero), expressed that the entire management and Elnusa team had worked hard, resulting in a positive performance that contributed to Pertamina's consolidated financial performance in 2022, which recorded a net profit of IDR56.6 billion.
"The subsidiary and affiliate companies’ positive performance has contributed to Pertamina's consolidated performance with an 86 percent increase," Fadjar explained.
Asmal Salam added, "During the AGMS, following the proposal from the Controlling Shareholder regarding changes in the Board of Directors, the AGMS approved the Board of Directors replacement. Elnusa replaced Tenny Elfrida, the Director of Human Resources & General Affairs, who has completed one term of office. The AGMS also approved the appointment of Hera Handayani as the new Director of Human Resources & General Affairs and reinstated Agus Prabowo as the President Commissioner of Elnusa.”
Elnusa expresses its gratitude to the Board of Directors for their dedication and contributions during their tenure in the company. Therefore, effective after the AGMS closure, the composition of the Board of Directors is as follows:
BOARD OF COMMISSIONERS:
President Commissioner: Agus Prabowo
Commissioner: Wakhid Hasyim
Independent Commissioner: Lusiaga Levi Susila
Independent Commissioner: Hernawan Bekti Sasongko
BOARD OF DIRECTORS:
President Director: John Hisar Simamora
Finance Director: Bachtiar Soeria Atmadja
Operations Director: Charles Harianto Lumbantobing
Business Development Director: Ratih Esti Prihatini
Human Resources & General Affairs Director: Hera Handayani
The topics discussed in the Elnusa AGMS include:
- Approval of the 2022 Annual Report, including the Board of Commissioners’ Supervisory Report and the Approval of the Company's Financial Statements ending on December 31, 2022.
- Determination of the Net Profit Utilization for the Company's Fiscal Year 2022;
- Determination of 2022 Tantiem and 2023 Remuneration for Directors and Board of Commissioners;
- Appointment of Public Accountant to Conduct the Company's Annual Financial Statement Audit for the Fiscal Year 2023;
- Approval of Changes in the Company's Management Structure.
Pertamina, as a leading company in energy transition, is committed to supporting the Net Zero Emission 2060 target by encouraging programs that directly contribute to the Sustainable Development Goals (SDGs) achievement. All these efforts follow the Environmental, Social & Governance (ESG) implementation across Pertamina's business lines and operations.**