Indosat Ooredoo Hutchison Distributes IDR 2 Trillion Dividend

iwanrj.com – Jakarta – Indosat Ooredoo Hutchison distributed cash dividends from net profit for the 2022 fiscal year of IDR 2 trillion or IDR 2,061,627,746,488 to be precise. This amount is 43.6% of net profit or equivalent to IDR 255.7 per share to the shareholders.

Based on the official statement received on Tuesday (16/05/2023), this dividend distribution is the use of a portion of the Company’s net profit for the financial year ending December 31, 2022.

Indosat Ooredoo Hutchison’s IDR 2 trillion dividend will be paid no later than June 15, 2023, to shareholders. Meanwhile, the remaining net profit for the 2022 fiscal year of IDR 2,661,786,822,147 is allocated to retained earnings.

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“Indosat’s success in the first year after the merger was the result of employee hard work, strategic collaboration with partners, customer loyalty and the trust given by shareholders,” said President Director and CEO of Indosat Ooredoo Hutchison, Vikram Sinha.

At the same time, Indosat reported financial performance for the first quarter of 2023 which grew by 2 digits in April 2023. This achievement was driven by Indosat’s focus on executing its Go-to-Market strategy properly.

Indosat’s total revenue managed to grow by 9.9% from the previous year or Year-on-Year (YoY) to IDR 11.9 trillion. Indosat’s EBITDA also increased 21.7% YoY to Rp 5.3 trillion with an EBITDA margin of 44.6%.

The company also recorded Profit for the Period attributable to the Owners of the Parent Entity which was recorded at IDR 929.1 billion, an increase of 621.6% YoY.

Indosat too has completed the integration network with technology Multi-Operator Core Network (MOCN) conducted in more than 46 thousand sites throughout Indonesia, within one year.

The integration improves network coverage Indosat wider area with the addition of more than 700 districts, better indoor service quality with an additional 32% of the population, as well as internet experience customer which is up to 2 times faster.

More than thatIndosat’s better download speed and network latency can improve about 20% customer experience for key services such as streaming videos And gaming.

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Annual General Meeting of Shareholders (AGMS) 2023 which was held last Monday also mApproved changes to the composition of the Board of Directors by appointing Ritesh Kumar Singh and Desmond Cheung as members of the Board of Directors, and replacing Armand Hermawan with Ahmad Zulfikar Said to enter the Board of Directors.

“We are committed to continuing to deliver an impressive customer experience to all customers, increase synergy values ​​for all shareholders, and provide positive benefits for business, industry and the people of Indonesia,” concluded Vikram. [NM/HBS]