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PPRO Distributes Dividends of IDR 34.2 Billion
JAKARTA, 3 Juni 2020 – The leading property developer in Indonesia, PT PP Properti Tbk. (stock code: PPRO) has conducted the Annual General Meeting of Shareholders for Fiscal Year 2019 on Wednesday (3/6) at the PP Plaza, Wisma Subiyanto – Jakarta. The shareholders have given approval for all reports and plans of the Company as set forth in the AGMS agenda.
It is known that the implementation of the GMS carried out covid-19 prevention protocol that refers to Governor Regulation No. 33 years 2020 concerning the Implementation of Large-Scale Social Restrictions in Handling Corona Virus Disease 2019 (Covid-19) in the Special Capital Province of Jakarta, article 10 paragraph 2, POJK No. 15 / POJK.04 / 2020 Concerning Plans and Conducting General Meeting of Shareholders of Public Companies.
In the AGMS meeting agenda, the shareholders agreed to the distribution of dividends of 10%. PPRO’s chief director, Taufik Hidayat said “in the current uncertainty of the pandemic conditions, PPRO continued to distribute dividends of Rp34.2 billion, equivalent to 10% of the net profit attributable to the parent entity amounting to Rp342 billion
“Although the amount of dividends distributed fell from last year, we are trying to continue to carry out our commitment to continue creating added value for shareholders,” said Taufik.
In addition, PPRO also reported a performance achievement of PPRO’s total assets reaching Rp19.58 trillion, an increase of 18.87% compared to Total Assets in 2018 of Rp16.48 trillion. While the total equity of PPRO in 2019 reached Rp6.12 trillion, an increase of 5.27% compared to total equity in 2018. The increase in equity from the addition of company profits in the current year 2019 came from the company’s operational activities.
In 2020 PPRO focuses on completing the process of constructing apartments that are ready to be handed over this year, of which the units have already been sold and the construction of apartments is ongoing. Some of the items to be handed over this year include; in Surabaya there are Grand Sungkono Lagoon Tower Caspian and Grand Dharmahusada Lagoon, in Malang-Begawan apartments, in Semarang-Amartha View and The-Alton, in Depok – Evenciio and in BSD-The Ayoma Apartment.
In addition to the focus of the handover of apartments, PPRO strengthened cooperation with banks for KPA interest of 1.75%, strengthened digital marketing through cooperation with Tokopedia, Mamikos and Travelio. In connection with the issuance of PP No.25 of 2020 concerning the implementation of the Public Housing Savings (TAPERA), “PPRO is ready to become a partner for BP Tapera by providing a number of residential projects that we have in strategic locations at affordable prices” closed Taufik.
In addition to deciding the distribution of Cash Dividends, the decision of the Company’s annual GMS also stipulates changes in the composition of the Board of Commissioners and Directors as of the closing of this GMS, for a term of 5 years, as follows:
President Commisioner : Abdul Haris Tatang
Commisioner : Sarwono Oetomo
Independent Commisioner : Kelik Wirawan Wahyu Widodo
President Director : Taufik Hidayat
Realty Director : Galih Saksono
Commercial Director : Sinurlinda Gustina M
Independent director and Director of : Nanang Siswanto
Business Development and HCM
Finance Director : Mustarno
In addition to dividend distribution and changes in company management, the PPRO AGM also stipulated a number of other decisions, that is :
- Approve the Company’s Annual Report including the Company’s Activity Report, the Board of Commissioners Supervisory Report, and Ratification of the Company’s Financial Statements for the Fiscal Year ending on December 31, 2019;
- Approved the use of the Company’s net profit for the fiscal year ending December 31, 2019 in the amount of Rp342 billion;
- Approved to give authority and power to the Board of Commissioners to determine the amount of tantiem for the Board of Commissioners and Directors for Fiscal Year 2019 and to determine the amount of salary / honorarium, benefits and facilities for Directors and Board of Commissioners for Fiscal Year 2020;
- Approved to grant power and authority to the Board of Commissioners to appoint a Public Accountant Firm that will audit the Company’s Financial Statements for Fiscal Year 2020;
- Approved the inauguration or ratification of the Regulation of the Minister of State-Owned Enterprises Number: PER-08 / MBU / 12/2019 concerning General Guidelines for the Implementation of Goods and Services Procurement of State-Owned Enterprises and their amendments as guidelines for the procurement of goods and services in the Company.
- Submission of Report on the Realization of the Use of PUB Bonds I PP Property Phase I and Phase III Year 2019;
- Approved the Amendment and Rearrangement of all provisions in the Company’s Articles of Association, and
- Approved the proposed Amendment to the Company’s Management as follows :
- To honorably dismiss Ms. Betty Ariana as Commissioner, Mr. Graha Yudha Andarano Putra Pratama as an independent Commissioner and Mr. Indaryanto as Director.
- To appoint Mr. Sarwono Oetomo as Commissioner and Mr. Mustarno as Finance Director.
- Reappoint Mr. Taufik Hidayat as Managing Director and Mr. Galih Saksono as Realty Director
–FINISH–
Tentang PT PP Properti Tbk :
PT PP Properti Tbk (stock code: PPRO) is a leading SOE subsidiary of PT PP (Persero) Tbk (stock code: PTPP). The Company was established in December 2013, but has had experience since 1991 and the Company has now become a listing company on the Indonesia Stock Exchange since May 2015. In 2017, the Company made a stock split of Rp. 100 (one hundred rupiah) to Rp. 25 (twenty five rupiah). The Company has 3 (three) business segments, namely Residential, Commercial and Hospitality. Since 1991 until now the Company has developed around 49 projects including 33 Residential, 10 Commercial, and 6 Hospitality.
