PT Metropolitan Land Tbk (MTLA) will distribute profits or dividends to shareholders amounting to Rp 40.47 billion or USD 5.37 per share. The amount of dividends equal to 20% of the company’s net profit of Rp 203.69 billion in 2012 to 7.57 billion stockholders.
Director Metland Nanda Widya said dividend decision has been approved in the Annual General Meeting (AGM) held by the company at the Hotel Mulia, Jakarta, Thursday (16/05/2013).
“The dividends will be distributed on July 5, 2013,” he said.
In addition, the shareholders also approved a net profit in 2012 was allocated to the reserve fund of Rp 2 billion company to a business development company. While the remainder recorded as retained earnings to increase working capital.
The Company recorded income of $ 678.729 billion in 2012, up 25.3% compared to 2011 revenue of Rp 541.781 billion. While the value of the company’s assets in 2012 grew 16.5% to Rp 2.016 trillion from Rp 1.73 trillion.