Matahari (MPPA) Declares Rp 1 Trillion Final Dividend For Fiscal Year 2012 | Press Release
(The Insider Stories) - Within its Annual General Meetings of Shareholders (“AGM”) held earlier today, the PT Matahari Putra Prima Tbk (“Company”)’s shareholders concurred and approved the Directors’ Report on the Company’s business achievements and financial results for the fiscal year 2012. The Directors reported that Matahari Food Division (“MFD”) has successfully established an impressive nationwide platform through its aggressive Hypermart expansion nationwide and is well positioned to capture the future growth potential of the Indonesian market. The Company would continue to focus on its core Hypermart food retailing operation and accelerate growth through a well-planned Hypermart expansion of minimum 20 new stores throughout the country in 2013.
The AGM also approved the Company’s final cash dividend for fiscal year 2012 in the amount of Rp 1 Trillion or Rp 186 per share, representing 35.7% dividend payout ratio from the Company’s 2012 year-end Accumulative Retained Earnings of Rp 2.8 Trillion. The Accumulative Retained Earnings includes the Company’s FY2012 Net Income After Tax of Rp 239 Billion as announced earlier. Further details and date for payment will be announced later accordingly.
The AGM also confirmed its approval for the changes of BOC and BOD structures to cope with the dynamic changes of the Company within the prospect FMCG market ahead.
The new structure of BOC & BOD for the period of 2013-2014 is as follow:
Board of Commissioners:
President Commissioner & Chairman : John Bellis
Vice President Commissioner : Theo L. Sambuaga
Independent Commissioner : Travis Saucer
Independent Commissioner : Steve A. Martin
Independent Commissioner : Chua Siang Hwee, Jeffrey
Commissioner : Ali Chendra
Commissioner : Gouw Vi Ven
Board of Directors:
President Director : Benjamin J. Mailool
Vice President Director : Carmelito J. Regalado (non-affiliated)
Director : Richard H. Setiadi
Director : Lina H. Latif
Director : Ishak Kurniawan
Director : Johanes Jany
According to Benjamin Mailool, “We are proud to announce the Rp 1 trillion FY2012 final cash dividend to our valued shareholders which demonstrates the Company’s commitment to not only providing more values to its shareholders but also demonstrating its continuing commitment in the past several years for dividend payments. Going forward, we will keep our best to continue the Hypermart expansion prudently through a series of new store expansion plan to open minimum 20 new stores in 2013 and to regenerate the existing Hypermart format as well as to further develop the format evolution to meet specific market needs.”
“We are pleased to have stronger board of management in-place. Both Board of Commissioners and Directors consist of high calibre professionals with vast retail experiences. We are delighted to see Mr Bellis, the newly appointed Chairman, together with Mr Saucer and Mr Martin, with a combined worldwide retail experience more than 100 years, together with Mr Sambuaga and the remaining Commissioners to form a much more solid Board to perform not only supervisory duties for the Company but also to compliment the Board to bring the Company to the next level of growth. Moreover, we are also delighted to see stronger Board of Directors and MFD’s board of executives to cooperate better and stronger in managing and operating the Company going forward.”
MPPA is a leading modern retailer in Indonesia with widest stores network 80 hypermarkets, 28 supermarkets, 79 pharmacy outlets, over 100 family entertainment center and 27 international bookstores as well as a strategic alliance operating 116 department stores in more than 52 cities across Indonesia.
Hypermart is a subsidiary of MPPA which was established in 2004, which continues to grow rapidly and increase the scale of the hypermarket business in Indonesia, utilizing a large FMCG business. The hypermarket business until now has 80 outlets nationwide.
Hypermart is targeting to open at least 20 stores in 2013 and a total of 80 new stores in the next 5 years.
