Emtek Announces Rp 1.97 Trillion Dividend

Liputan6.com, Jakarta - PT Elang Mahkota Teknologi Tbk (Emtek, IDX:EMTK) announced a dividend payment of Rp 350 per share for a total dividend of Rp 1.97 trillion. This represents 180 percent of the fiscal year 2014 net profit of Rp 1.09 trillion.

This decision was made public during the Annual General Meeting of Shareholders held by Emtek on Wednesday, April 22, 2015.

Vice President Director of PT Elang Mahkota Teknologi (Emtek), Mr. Sutanto Hartono, said that in 2014 Emtek recorded Rp 550 billion in capital expenditure. For this year, Emtek plans to spend as similar amount as 2014.

As for the year 2015, Sutanto added, Emtek targets more than 10 percent revenue growth. Emtek recorded consolidated net revenue of Rp 6.52 trillion at the year end of 2014, which is a year-on-year increase of 12.6 percent compared to the previous year’s revenue of Rp 5.79 trillion.

"As for the revenue growth target, we believe the media division will exceed the market. We predict that the market revenue growth shall be around 10 to 11 percent, hence the (revenue growth) target to be above that, in the teens of percent," he explained.

Sutanto admits that they have great hopes for Nexmedia, which is currently experiencing a significant improvement as measured by the increase in the number of customers: from 80k (2013) to 124k (last year).

Nonetheless, Sutanto said, since Nexmedia’s portfolio is still fairly minuscule compared to the overall media division, the total impact of the digital business is not as prominent. Currently, the major chunk of the revenue contribution comes from the media division.

Talking about Emtek's profit, Sutanto unveils that is has been actively utilized for investment.

"As for the profit, we are still actively investing it, for example if we are talking about pay-tv division  which requires investment, as well as the online division," he said.

Other than discussing the annual financial report and dividend payment for shareholders, the Annual General Meeting of Emtek also announced the new formation of the Board of Commissioner (BOC) and the Board of Directors (BOD) of Emtek, as follows:

Board of Commissioners:

President Commissioner: Eddy K. Sariaatmadja
Commissioner: Susanto Suwarto
Commissioner: Jay Geoffrey Wacher
Commissioner: Fofo Sariaatmadja
Commissioner: Amit Kunal
Independent Commissioner: Erry Firmansyah
Independent Commissioner: Stan Maringka
Independent Commissioner: Didi Benefactor


Board of Directors

President Director: Alvin Sariaatmadja
Vice President Director: Sutanto Hartono
Director: Yuslinda Nasution
Independent Director: Titi Maria Rusli

Following the resignation of Piet Yaury, which will took effect on April 10, 2015,his position will be filled by Mr. Amit Kunal.

The composition of the Board of Directors has been changed, too. Alvin Sariaatmadja fills the role as the President Director of Emtek, which was vacated by Sutanto Hartono, who now serves as Vice of President Director.

There is also an addition to the team: Titi Maria Rusli now serves as Independent Director. (Sis/Nrm)