• Sriboga Team

Sarimelati Kencana Dividends Rp. 86.55 Billion

Jakarta - Blessings posted a profit growth of 2018 as much as Rp 173.10 billion, a reason for PT Sarimelati Kencana Tbk (PZZA) to distribute dividends to shareholders. Where based on the results of the annual shareholders' meeting (AGM), restaurant managers with the Pizza Hut brand distribute dividends of Rp86.55 billion or 50% of current year's profits of Rp.173.10 billion in 2018.

Sarimelati Kencana Dividends Rp. 86.55 Billion
Sarimelati Kencana Dividends Rp. 86.55 Billion

Director of Sarimelati Kencana, Jeo Sasanto said, the company distributed dividends to shareholders in the amount of Rp.28.64 per share. The amount of dividend distributed is equivalent to 50% of the 2018 net profit of IDR 173.10 billion. "The cumulative dividend schedule on May 7, 2019 and dividends will be paid no later than June 7, 2019," he said in Jakarta yesterday.

The remaining Rp86.55 billion is retained earnings for business development. He said, the dividend policy of 50% of the net profit was in accordance with the company's prospectus at the time of the IPO, while at the same time pampering its shareholders. "Our policy is indeed up to 50%.

Later this year, the company allocated Rp125 billion to build a sausage factory in Bekasi, West Java, with a capacity of up to 3,150 tons per year. Hut Restaurant (PHR) and Pizza Hut Delivery (PHD). At present the production facilities are under construction.

Sarimelati Kencana Director, Frederick Estrada Cadlaon added, the funds allocated were IDR 125 billion, sourced from internal cash for the construction of the facility. The addition of this new capacity will support the company's growth target in the next 5-7 years. This new facility has a capacity three times the current installed capacity. In the IPO prospectus, the company recorded a sausage plant capacity in Bandung, West Java, amounting to 1,050 tons in 2017 with a utilization of 97 percent.

Thus, this new facility has a capacity of around 3,150 tons per year. In the next 2 years, the company also plans to expand the pasta factory which currently has a capacity of 756 tons with 73% utilization in 2017. The pasta factory is located in Pulogadung Jakarta. "The capacity is [sausage factory] up to 3 times from now. This is to support the target 5-7 years growth. The fastest to operate in the I / 2020 quarter, "he added.

This year, the company is eyeing sales growth of 13% -17% compared to the previous year. If 2018 sales amount to IDR 3.57 trillion, the company targets sales of around IDR 4 trillion to IDR 4.11 trillion in 2019. Approaching Ramadan and Eid al-Fitr, the company estimates that it can book a sales increase of up to 30% compared to other normal months.

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