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Jakarta Post

Adira Finance to pay Rp 1 trillion in dividends for 2019 financial year

  • News Desk

    The Jakarta Post

Jakarta   /   Wed, April 1, 2020   /  01:05 pm
The Jakarta Post Image
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)

Automotive 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 prof...