WIKA Shares Dividend 35% of Net Income
Jakarta, May 12, 2011 – PT Wijaya Karya (Persero) Tbk (WIKA) conducted the Annual General Meeting of Shareholders (AGM) in 2010. AGM was held on Thursday, May 12, 2011 at WIKA Building, Jakarta.
There are 6 (six) Agendas to be discussed in the AGM, namely:?
1. Approval of the Annual Report of Directors and Supervisory Report of the Board of Commissioners and approve
Financial Statements for Financial Year 2010?
2. Approval and validation Annual Report of Partnership Program & Community Development for the Financial Year 2010.?
3. Establishment of the use of Net Income for Financial Year 2010.?
4. Public Accounting Firm (KAP) Appointment due to audit the Financial Report and
Financial Statements of Implementation Partnership Program and Community Development
5. 2010 determination of tantiem, salaries, and the honorarium and other allowances for the
Directors and Commissioners, and?
6. Delegation of authority to the Board of Commissioners to implement the Company’s capital increase in order
ESOP / MESOP.
For the third agenda, which is the determination of the use of Net Income for Financial Year 2010, the AGM decided to distribute profits to a dividend as much as 35% of Net Income or equal to IDR 99, 72 billion which means dividend ratio increase 5% from the previous year. Improvement of dividend ratio was proposed by the majority shareholder (the Government of the Republic of Indonesia), which holds ownership of 66.65 shares.
WIKA recorded Net Income of IDR 284, 92 billion, which means an increase of 50.58% from the previous year. Profit Before Tax for the year 2010 reached IDR 473, 33 billion or up 36% from IDR 348, 11 billion in 2009. The result makes the performance of the Earnings per share (EPS) increased to IDR 50.15 in 2010 from IDR 33, 37 per share in 2009.
As the Financial Statements as of March 31, 2011, which was presented to the Indonesia Stock Exchange (IDX), WIKA has posted a net profit amounting to IDR 85, 93 billion with sales value reached IDR 1, 54 trillion. WIKA Performance up to first Quarter showed increases in both net income of 33.7% and an increase in sales by 36.3% compared by the same period at previous year.
WIKA’s acquisition of new contracts until first Quarter in 2010 is IDR 2, 35 trillion, therefore the total of WIKA’s order book become IDR 15, 196 trillion. Some major projects which the Company acquired, such as Overburden Crushing Project and Conveying System in Tutupan-Tobalong, South Kalimantan, worth of USD 83, 3 million, Fly Over Ahmad Yani Summarecon Bekasi Project worth of IDR 144, 5 billion and Extension of Port B 400 M Project in Dumai worth of IDR 130, 51billion.
For business development through investment that has been a vision of the Company, currently WIKA has completed an investment project that is Marine Fuel Oil (MFO) Diesesl Enginee Powerplant 50 MW in Pesanggaran, Bali. The project has entered the commercial stage on March 16, 2011 and will contribute to the performance of the Company for next 8 years.