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 Finance to pay Rp 1 trillion in dividends for 2019 financial year
Adira Finance shareholders will receive a dividend of Rp 1,054.5 per share, an increase of 16.13 percent from the previous year’s Rp 908 per share.
Change Size
Motorcycles are arranged for transport at a factory. Motorcycles made up for more than half of financing firm PT Adira Dinamika Multi Finance's revenue in 2019. (Kontan/Muradi)
A
utomotive financing company PT Adira Dinamika Multi Finance (Adira Finance), a subsidiary of PT Bank Danamon Indonesia, will distribute to its shareholders dividends totaling Rp 1.05 trillion (US$64.46 million), about 50 percent of the company’s net profits in 2019.
The dividend payment was approved on Tuesday at Adira’s annual shareholders meeting in Jakarta, during which the shareholders also agreed on the appointment of new members of the company’s board of directors and board of commissioners.
Adira Finance shareholders will receive a dividend of Rp 1,054.5 per share, an increase of 16.13 percent from the previous year’s Rp 908 per share. Bank Danamon, which holds 92.07 percent of the firm’s shares with a total of 920.7 million shares, will receive Rp 970.88 billion.
The company will allocate Rp 21.1 billion, 1 percent of last year’s profits, as retained capital, which is in accordance with a law on limited liability companies stipulating that a company’s reserves must amount to a minimum of 20 percent of the company’s issued and paid-up capital.
“Our financing reached Rp 37.9 trillion in 2019, down by 1 percent from the figure recorded in the previous year,” Adira Finance president director Hafid Hadeli told reporters via a teleconference following the shareholders meeting. He said that business was "not very good for the multi-finance industry" last year.
The financing was mostly backed by credits provided for purchases of two-wheel vehicles, which made up 53 percent of the firm’s financing; credit for purchases of cars, which accounted for 41 percent; and credits for purchases of electronics devices, which made up 5 percent.
The publicly listed multi-finance company’s net profit grew 16 percent to Rp 2.1 trillion in 2019 from Rp 1.81 trillion in 2018, marking a slowdown in growth as the company recorded a 28.81 percent growth in net profit in the previous period.
