TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Adira to pay out Rp 505 billion in dividends
Change Size
Motorcycles are arranged at a factory. (Kontan/Muradi)
T
he shareholders of publicly listed financing firm PT Adira Dinamika Multi Finance agreed to divert Rp 505 billion (US$ 37.85 million) of the company’s net profits into dividends during a meeting in Jakarta recently.
The dividend amount is equal to 50 percent of Adira’s net profits for 2016 and translates into Rp 505 per share.
“The dividend will be paid out on June 16,” Adira Dinamika Multi Finance director I Made Dewa Susila said after attending the annual general shareholders’ meeting on Wednesday.
(Read also: Adira books quarterly profit of Rp 328b)
The shareholders also approved the appointment Hafid Hadeli as the company’s new president director, replacing Willy S. Dharma, who was appointed commissioner along with Muliadi Rahardja.
Hafid said the company, a subsidiary of private lender Bank Danamon, hoped to grow its new financing segment by 5 percent to 10 percent this year.
In 2016, it booked Rp 30.9 trillion in new financing, an increase of 1.3 percent from 2015.
“Our strategy is to expand financing to used-cars and motorcycles,” he said.
In the first quarter, its new financing surged slightly by 4.3 percent to Rp 7.3 trillion from the same period last year.
Motorcycle financing contributed to more than half of its revenue, followed by financing for cars and durable goods. (tas)
