• ASII will distribute final dividend of IDR 308 per share
Astra International (ASII) will hold its Annual General Meeting of Shareholders (AGM) on May 25. In the meeting, the management will propose a final dividend of IDR 308 per share. The
proposed final dividend coupled with the interim dividend of IDR 98 per share distributed on
Oct 24, will bring the total proposed dividend for 2024 to IDR 406 per share. This is lower
compared to the IDR 519 dividend per share distributed for FY23 results. The dividend payout
ratio was 48%, consistent with the ratio before the higher dividend distributions in 2022 and
2023. ASII revenue in 2024 was IDR 330.9T (+5% yoy). The company’s net profit, excluding the
fair value adjustment of investment in GoTo and Hermina, amounted to IDR 34.2T, slightly
higher compared to the same period last year. Including the fair value adjustments on GoTo
and Hermina, the Group’s net profit also slightly increased to IDR 34.1T. (Emiten News)
• MYOR net profit down 6% in 2024
Mayora Indah (MYOR) recorded a net profit of IDR 3T in 2024 (-6.05% yoy). The decline in net
profit occurred amidst an increase in sales. MYOR’s net sales were recorded at IDR 36.07T in
2024 (+14.57% yoy). In detail, sales from packaged processed food reached IDR 21.86T, and
packaged processed beverages reached IDR 18.62T. The total sales minus elimination of IDR
4.41T resulted in net sales of IDR 36.07T. Along with revenue, the cost of goods sold increased
to IDR 27.77T from IDR 23.07T previously. Net sales less cost of goods sold resulted in a gross
profit of IDR 8.3T, down from the previous year of IDR 8.4T. (Kontan)
• SIMP recorded IDR 15.96T revenue in 2024
Salim Ivomas Pratama (SIMP) reported revenue of IDR 15.96T in 2024. Sales of the Plantations
and Vegetable Oil & Fats (EOF) divisions rose 10% yoy and 9% yoy, respectively. It was mainly
due to higher average selling price of palm products and EOF products, which was partially
offset by a decrease in sales volume of palm products. In line, SIMP net profit rose 110% yoy
to IDR 1.55T. SIMP achieved positive financial performance mainly due to the increase in
commodity prices and the company’s efforts in cost control and efficiency. Meanwhile, the
agribusiness sector last year still faced various challenges, especially the impact of weather,
commodity price volatility and global uncertainty. On the production side, Core Fresh Fruit
Bunch (FFB) production declined slightly by 1% yoy to 2.8M tons while CPO production
remained relatively flat yoy to 706K tons. (Kontan)