economy

MTDL Distributes Highest Dividend, Amounting To Rp 257.8 Billion With A Pay Out Ratio Of 39.6%

Metrodata Electronics Tbk (MTDL), the largest IT sector issuer in Indonesia in terms of sales with nearly 50 years of experience, distributed dividends amounting to Rp 257.8 billion, with a payout ratio of 39.6% of the net profit in 2023.

The dividend distribution approved by the Annual General Meeting of Shareholders (AGM) on Monday, June 3, 2024 in Jakarta, broke the record for the highest dividend in the Company's history. Each shareholder will receive Rp 21 per share.

In 2023, the Company recorded a net profit of Rp 650.8 billion, an increase of 12.1% from the net profit in 2022 of Rp 580.5 billion. This increase in net profit was supported by the Company's revenue reaching Rp 22.1 trillion, up 5.2% compared to the revenue in 2022, also marking the highest revenue in the Company's history.

"The intense digital transformation process being carried out by companies in Indonesia is one of the key factors in our success in achieving the highest revenue in the Company's history. It is only fair that loyal shareholders who have been developing MTDL's business together enjoy this success through dividend distribution," said President Director of MTDL, Susanto Djaja.

In line with the rapidly evolving IT industry, MTDL also made changes by appointing two new directors. The AGM appointed Sur Hang Aiwan and Alexander Kuntoro as new directors, replacing AgusHonggo Widodo and Sjafril Effendi, who have completed their terms and served as Directors of MTDL since 2000.

As background, Sur Hang Aiwan currently serves as the President Director of PT SynnexMetrodata Indonesia and President Director of PT My Icon Technology, having a career at MTDL with various positions since 1996, or more than 26 years. He obtained a Master of Applied Finance degree from Bina Nusantara University in 2012 and will oversee the Distribution business in the Metrodata group.

Meanwhile, Alexander Kuntoro, when appointed, still holds the position of President Director of PT Mitra Integrasi Informatika and has been working at Metrodata since 2006, or more than 18 years, earning a Computer Bachelor's degree from Bina Nusantara University in 2006. Alexander will oversee the Solutions business within the Metrodata group.

Susanto added, "The changes in MTDL's board of directors demonstrate our professionalism and agility to continuously adapt to the latest conditions in the IT and telecommunications industry, which are the core businesses of Metrodata.

Certainly, the guidance from Mr. Sjafril Effendi and Mr. AgusHonggo Widodo for more than 24 years will serve as a guideline for the new directors in carrying out the mandate from shareholders to continuously increase the Company's value and make a positive contribution to the Indonesian society."

"Our convincing performance in 2023, followed by convincing revenue in the first quarter of 2024, has made us optimistic about achieving a revenue target of Rp25 trillion this year.

In the first quarter of 2024, MTDL recorded revenue of Rp5.1 trillion, growing by 12.3% from the same period in 2023. Therefore, we greatly appreciate and need the support of all stakeholders," said Susanto while closing the Public Presentation event in Jakarta on June 3, 2024.