PT Saratoga Investama Sedaya AGMS Approves Distribution of Shares Amid Monetary Losses

Jakarta –

The Annual Basic Assembly of Shareholders (AGMS) of PT Saratoga Investama Sedaya Tbk (SRTG) authorized the distribution of shares. The shares distributed amounted to IDR 298 billion or roughly IDR 22 per share for the monetary 12 months 2023.

“That is proper, at our earlier GMS we introduced and authorized the distribution of shares on the assembly. So the distribution of shares authorized is a most of IDR 298,426,370,000 to h -total or IDR 22 per share,” mentioned Ryan Sual of Investor Relations in a newspaper. convention, in Jakarta, Thursday (16/5/2024).

“As a result of the buyback schedule did not work, so it was canceled,” he mentioned.

The AGMS authorized the distribution of shares amid the monetary state of affairs of the corporate which disclosed a loss. In 2023, the corporate posted a lack of IDR 10.15 trillion.

However, he mentioned, Saratoga is an funding firm. Due to this fact, Saratoga’s monetary stories are barely completely different from the others.

“Relating to our efficiency in 2023, Saratoga recorded a lack of IDR 10.2 trillion final 12 months, however as we all the time say, Saratoga is an funding firm the place the revenue and loss monetary report ours somewhat completely different from working corporations generally, “he mentioned. mentioned.

Judging from the gadgets, he continued, the corporate’s greatest losses had been compounded by internet losses on investments in shares and different securities that reached IDR 13.81 trillion. He mentioned most of those losses weren’t executed or realized (unrealized) attributable to decline in portfolio worth.

“So after we defined that we reported a loss, and this may also be seen that the most important factor when it comes to loss is the online loss on funding in shares and different securities, most of it was not realized , the place this can be a lower in worth. of our portfolio which continues to be We have not executed it but,” he defined.

He mentioned the decline in portfolio worth was primarily within the shares of PT Adaro Vitality Indonesia Tbk and PT Merdeka Copper Gold Tbk. “Final 12 months, Adaro and Merdeka shares declined considerably amid commodity volatility. This was the primary contributor to the IDR 13.8 trillion loss, which is what occurred to Saratoga’s complete portfolio,” he mentioned. .

(acd/kil)