Jakarta, June 17, 2020 – PT Saratoga Investama Sedaya Tbk. (Saratoga, ticker code: SRTG) announced during its Annual General Meeting of Shareholders (AGMS) today, dividend distribution with a total amount of IDR 149.2 billion or IDR 55 per share.
Saratoga’s President Director Michael W.P. Soeryadjaya stated that Saratoga demonstrated significant growth in 2019 and the company’s decision to distribute dividend is part of Saratoga’s long-term commitment to consistently provide optimal return for shareholders.
“We will continue to focus on strengthening the fundamental of our investee companies through a disciplined and measured investment strategy. In a dynamic and challenging environment like today, Saratoga will remain vigilant yet agile and opportunistic in seizing investment opportunities,” Michael said after the AGMS in Jakarta, Wednesday (17/06).
As of 2019, Saratoga’s Net Asset Value reached IDR 22.85 trillion, an increase of 44.9 percent compared to 2018 of IDR 15.77 trillion. The increase in investment value in shares and equity securities was mainly driven by the increase in mark-to-market share prices of PT Adaro Energy Tbk. (ticker code: ADRO), PT Tower Bersama Infrastructure Tbk. (ticker code: TBIG) and PT Merdeka Copper Gold Tbk (Ticker code: MDKA). Thanks to the solid fundamentals of its investee companies, in 2019, Saratoga’s net profit from investment and other equity securities was IDR 6.22 trillion. While dividend and interest income amounted to IDR 2.01 trillion.
Saratoga’s Finance Director, Lany D. Wong explained that in 2019, Saratoga posted an all-time record high dividend income of IDR 1.99 trillion. Dividend income increased by 121.5 percent from 2018 of IDR 900 billion, largely attributable to PT Mitra Pinasthika Mustika Tbk (ticker code: MPMX), PT Adaro Energy Tbk. (ticker code: ADRO), PT Tower Bersama Infrastructure Tbk (ticker code: TBIG) and other investee companies.
“As an active investment company, Saratoga will continue to seize investment opportunities in our three key sectors— natural resources, infrastructure and consumer. We are committed to continuously work on optimizing the value of our investee companies and contribute to the Indonesian economy,” Lany explained.