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Multipolar dividend at IDR10 approved

JAKARTA: PT Multipolar Tbk (MLPL), holding company of Mataharis group, proposed dividend of IDR77.28 billion or IDR10 per stock finally approved by the shareholders through voting mechanism.The voting conducted after the general meeting of shareholders

JAKARTA: PT Multipolar Tbk (MLPL), holding company of Mataharis group, proposed dividend of IDR77.28 billion or IDR10 per stock finally approved by the shareholders through voting mechanism.The voting conducted after the general meeting of shareholders (RUPS) to determine the dividend scale ran toughly due to there were several shareholders of 160 million Multipolars stocks that refused the proposed scale after they considered it too small and inappropriate with Multipolars dividend policy.The dividend equals with dividend payout ratio of 2.76% from last years net income at IDR2.8 trillion.Based on the observation conducted by Bisnis, individual investors that participated in the meeting are currently walkout from the meeting room despite they are still protesting about the dividend scale.This year, the company projects IDR12 trillion revenues or rise by 7.2% compared to last years revenues at IDR11.2 trillion.The company also targets 23,9% rise in its recurring income to IDR12 trillion from last years position at IDR9.7 trillion. (t06/wiw)

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