- ITMG will distribute an interim dividend of IDR 1,228 per share
Indo Tambangraya Megah (ITMG) will distribute an interim dividend of IDR 1,228 per share for the 2024 financial year. The dividend amount is equivalent to USD 90M, reflecting 69.73% of 1H24 net profit of USD 129.07M. ITMG’s cum date in the regular market and the negotiated market is 9 Sep 24, while cum dividend date on the cash market is 11 Sep 24. Dividend payments will be made on 25 Sep 24. (Investor.id) - TOBA’s net profit rose 207.98% in 1H24
TBS Energi Utama (TOBA) recorded a USD 26.49M net profit in 1H24 (+ 207.98% yoy). The increase in net profit occurred amidst weakening revenue to USD 248.67M (-10.61% yoy). In detail, the main contributor to the company’s revenue was coal sales of USD 204.36M. EBITDA grew 67.1% yoy to USD 83.7M, reflecting TOBA’s operational efficiency and investment strategy in green business. The coal-fired power plants in Gorontalo and North Sulawesi provided stability amid fluctuating coal prices, while the waste management sector contributed US$D 2.6M to EBITDA. (Bisnis Indonesia)