News

PT Indonesia Kendaraan Terminal Tbk

IPCC SHARES 60% DIVIDEND OF INCOME IN 2018

2019-06-19 | 620 views

 Jakarta, June 19, 2019. Greetings LOVE. As an embodiment of the corporate value of the Action where the Company carries out a number of breakthroughs and concrete steps to encourage the development of the Company and as part of the issuers in the Capital Market as well as to realize the principle of information disclosure and good corporate governance, PT Indonesia Kendaraan Terminal Tbk (IPCC) whose shares have been listed on the Indonesia Stock Exchange (IDX) have decided at the 2018 Annual General Meeting of Shareholders to distribute dividends for the financial year 2018. This corporate action is part of the Company`s commitment to shareholders.

 
In the 2018 Annual General Meeting of Shareholders it was stated that dividends to be distributed were 60 percent of 2018 current year profits. The 2018 profit for the year was Rp. 170.18 billion. Thus, the amount of dividends to be distributed is IDR 102.11 billion. While the remaining 40 percent will be used for retained earnings. The number of shares that will be taken into account in dividend distribution is 1.81 billion shares, so the value of Dividend per Share (DPS) or dividend per share is Rp. 56.15.
 
Cum Date Date of Dividend in Regular and Negotiation Market is on June 27, 2019. Ex Date Dividend in Regular and Negotiation Market is on June 28, 2019. While Cum Date Dividend in Cash Market is on July 1, 2019. Ex Date Dividend in Market cash is on July 2, 2019. For Dividend Payment Date is on July 18, 2019
 
In terms of financial performance which ended in fiscal year 2018, total assets were recorded at Rp 1.26 trillion with CAGR growth over the past 3 years amounting to 117.7 percent. Total Liabilities of Rp. 151.77 billion (CAGR of 38.3 percent). And the total equity is Rp 1.10 trillion (143.8 percent CAGR). Meanwhile, revenues in 2018 were recorded at Rp 521.84 billion with a 3-year CAGR growth of 28.8 percent. Gross profit was IDR 250 billion (CAGR 23.8 percent). EBITDA of Rp 194.28 billion (CAGR of 20.7 percent). And the current year`s profit is Rp. 170.18 billion (CAGR 31.5%).
 
Meanwhile, from the operational side, as previously published the achievement of the IPCC`s operational performance in the 2018 financial year continued to increase compared to the previous year. Recorded in the International Terminal for ship service CAGR grew 10.1 percent where in 2018 there were 298 ships compared to 2016 as many as 246 ships and 2017 as many as 287 ships. Likewise with the handling of CBU, the CAGR grew by 13.19 percent, where in 2018 it served 340,501 units compared to 2016 with 262,625 units and in 2017 there were 312,739 units.
 
While the heavy equipment handled has a significant increase where CAGR grew 45.5 percent where the handling of heavy equipment in 2018 was 21,600 units compared to 2016 as many as 10,202 units and in 2017 there were 15,492 units. Then CAGR Spare Parts grew 28.8 percent where 2018 was served 109,092 M3 compared to 2016 as many as 65,794 M3 and in 2017 as many as 79,707 M3.
 
From these achievements, the IPCC Export cargo was recorded to experience significant growth over the past 3 years with CAGR for heavy equipment by 27 percent, spare parts by 18.7 percent, and CBU by 16.4 percent. Meanwhile, Import cargo in general experienced growth in the last 3 years with the CAGR of heavy equipment amounting to 53.2 percent. Then spare parts were 42.4 percent, and CBU was 6.8 percent.
 
In line with the achievement of Operational Performance at the International Terminal, Operational Services at the Domestic Terminal also recorded significant growth. Starting from ship service with a CAGR growth of 161.7 percent where the ships served in 2018 were 589 units while in 2016 there were 86 units and in 2017 there were 153 units. CBU CAGR grew 55.8 percent where 2018 was served by 80,776 units, while in 2016 there were 33,259 units and in 2017 33 334 units. For spare parts CAGR grew 8.6 percent where in 2018 it was 4,877 M3. While in 2016 there were 4,138 M3 and 2017 as many as 1,845 M3.
 
For the performance of the first quarter of 2019, the IPCC succeeded in reducing the cost of revenue by 7.25 percent and general and administrative (operational) expenses by 0.18 percent compared to the same period the previous year, providing room for the IPCC to increase its profitability. Operating income recorded an increase of 12.64 percent to Rp 54.71 billion from the same period in the previous year amounting to Rp 48.57 billion. On the other hand, the impact of the increase in operating profit can be seen from the achievement of current year`s profit during the first quarter of 2019 amounting to Rp.49.03 billion, up 28.24 percent over the same period in the previous year of Rp.38.24 billion.
 
Meanwhile, from the operational side. There was an increase in cargo / throughput on CBU (finished vehicles) in International Terminals throughout the first quarter of 2019 by 9.04 percent to 88 thousand units compared to the first quarter of 2018 of 81 thousand units. In breakdown, the increase of 9.04 percent was contributed by the CBU export throughput which increased by 25.56 percent accumulated during the first quarter of 2019. Meanwhile, delivery of CBU throughput at Domestic Terminals increased 94.64 percent during the first quarter of 2019. On the side Others, from spare parts cargoes also experienced growth, especially for import delivery which increased 22.27 percent during the first quarter of 2019.
 
Back to News