BREN – Distributed interim dividends of IDR532.41 bn

BREN – Distributed interim dividends of IDR532.41 bn Barito Renewables Energy (BREN), a Prajogo Pangestu conglomerate subsidiary, is poised to distribute an interim dividend of IDR523.41 bn or IDR3.91 per share on December 8, reflecting 40% of its net profit. The dividend distribution timeline includes cum dividend on November 22 in both the regular and negotiation markets, followed by ex-dividend on November 23 in both markets. The cum dividend date for cash market and the list of shareholders eligible for cash dividends is set for November 24, with ex-dividend in the cash market on November 27. Shareholders can anticipate dividend payments on December 8, 2023. The dividend distribution is based on robust financials, with a net profit attributable to the parent entity amounting to USD84.47 mn or approximately IDR1.32 tn in 9M23. Barito Renewables recorded a 5.13% yoy increase in revenue, reaching USD445.2 mn, driven by strengthened electricity and steam sales to customers, totaling US203.4 mn and USD96 mn, respectively, during 9M23. (Source: Investor Daily)