Nikereact.org – A coal mining company owned by tycoon Dato Low Tuck Kwong, PT Bayan Resources Tbk. (BYAN) announced a dividend distribution schedule of US$1 billion or US$0.3 per share. In the disclosure of information at the Indonesian Central Securities Depository (KSEI), KSEI management announced the schedule for the distribution of Bayan Resources’ jumbo dividend of US$1 billion. Here’s the schedule. Cum dividend in regular market and negotiation : 27 May 2022
“Each share will receive a cash dividend of US$0.3 per share. Cash Dividend distribution will be made in Rupiah by referring to the current exchange rate of Bank Indonesia on the Recording Date of May 31, 2022,” explained KSEI.
The general meeting of shareholders (GMS) of Bayan Resources approved the distribution of cash dividends of US$1 billion or around Rp. 14.6 trillion with an estimated exchange rate of Rp. 14,600 per US dollar.
In the minutes of the AGM on 18 May 2022, Bayan Resources approved the distribution of a US$1 billion dividend. The shareholders of Bayan Resources also agreed to include the profit for the year attributable to owners of the parent entity in the recorded post of unreserved retained earnings of US$1.21 billion.
“Approved the distribution of cash dividends of US$1,000,000,000,050 from retained earnings which the company does not reserve until the end of 2021,” said the minutes of the AGM of Bayan Resources.
BYAN and its subsidiaries have indeed recorded better performance growth throughout 2021 compared to the previous year.
Based on the company’s financial statements as of December 31, 2022, the issuer codenamed BYAN recorded revenues of US$2.85 billion, growing by around 51.08 percent from the previous year’s US$1.39 billion.
Furthermore, Bayan Resources scored a gross profit of US$1.90 billion, up 75.69 percent from the previous year of US$462.86 million. With performance throughout 2021, BYAN posted a net profit of US$1.21 billion, up 72.93 percent from US$328.73 million in the same period last year.
BYAN’s management said that the financial achievements for 2021 are the best achievements of the Bayan Group and will serve as a reference for the years to come.
The coal produced by the Bayan Group is environmentally friendly coal that is managed in an integrated manner, from mining plans to coal delivery to customers.
“Controlling the quality of coal, effective and efficient production mechanisms, and focusing on customer needs are Bayan Group’s superior strategies to improve performance,” BYAN’s management wrote in its annual report, Friday (29/4/2022).
In addition, vertically integrated mining services, with goal-oriented design and coal handling as well as coal loading infrastructure support and self-operated logistics support, have also provided synergies and benefits that allow the Bayan Group to grow faster, thereby increasing shareholder value.
Meanwhile, based on the company’s financial statements as of March 31, 2022, the issuer codenamed BYAN recorded revenues of US$783.83 million or equivalent to Rp11.35 trillion (exchange rate of Rp.14,480 per US dollar), growing to around 36.07 percent from the previous year worth US$501.03 or Rp7.26 trillion.
Furthermore, Bayan Resources recorded an increase in cost of revenue from US$217.98 million in the first quarter of 2021 to US$242.05 million in US$2022. However, BYAN was still able to make a gross profit of US$541.77 million, an increase of 14.56 percent from the previous year’s US$462.86 million.
With the performance during the first three months of this year, Bayan Resources posted a net profit of US$368.56 million or Rp. 5.34 trillion in the first quarter of 2022, up 122.4 percent from US$165.86 million or Rp. 2.40 trillion in the same period. same last year.
Furthermore, the company’s total assets increased from US$2.43 billion in the first quarter of 2021 to US$2.93 billion in the first quarter of 2022.
Meanwhile, total liabilities also increased to US$525.33 million in the first quarter of 2022, from US$452.98 million in the previous year.