Adaro Energy Distributes Final Cash Dividend of US$75.17 Million

April 25, 2014, 12:31 pm | Admin

Jakarta, April 25th, 2014 – PT Adaro Energy Tbk (Adaro) (IDX: ADRO) held its Annual General Meeting of Shareholders (AGM) today at JS Luwansa Hotel and Convention Center, Jakarta, where Adaro’s shareholders agreed to the Company’s proposal to pay a final cash dividend of US$75.17 million, or 32.51% of the 2013 net profit.

Adaro’s President Director, Mr. Garibaldi Thohir said, “Our 2013 results demonstrate that in good times or bad times, we deliver. Despite the cyclical downturn we continue to create maximum long term value from Indonesian coal. As we have done every year since our IPO in 2008, and as we will continue to do, we will pay a cash dividend to our shareholders. This is on top of our contribution of US$190 million in income tax and US$348 million in royalties, to help build the nation. We will continue to focus on the execution of our plans and the future value of our assets; we know the future is bright. We are proud our planning, hard work and discipline have paid off and we can continue to support Indonesia’s development by creating jobs, meeting all of our obligations and delivering positive energy to all of our stakeholders.”

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Last modified on January 30, 2017, 12:34 pm | 1174