Samindo Resources is a prominent investment holding corporation and also a public listed company in Indonesia, engaged in integrated coal mining services industry. As an integrated coal mining service company, we deliver the service that can provide solutions in every stage of coal mining operation.
The scope of Samindo Resources business includes four main activities in an integrated coal mining process. The company owns the majority of shares in four subsidiaries and operates two mining concessions in the province of East Kalimantan.
Samindo Resources shares are owned by various leading entities. Our goal is to create shareholder value in the long run by ensuring that we always stride for better performance.
Good Corporate Governance (GCG) is a reference for companies in running their daily operations to ensure that their operations are well manage. In line with the increased activity undertaken by PT Samindo Resources Tbk, the application of GCG principles is also increasing.
The practice of Corporate Social Responsibility (CSR) has the primary purpose of ensuring that the social interests of various stakeholder groups of Samindo Resources can be fulfilled appropriately and proportionately, especially for people living around the Company’s working environments.
The Annual General Meeting of Shareholders (AGMS) of PT Samindo Resources Tbk held Friday (4/5) agreed to distribute dividends of US $ 18 million to the shareholders. When compared to the previous period, this dividend was increased by 6%.
In 2016, the company coded issuer MYOH is distributing dividends of US $ 17 million.
Investor Relations of PT Samindo Resources Tbk Zaki said that the dividend payout ratio is almost 150% of the total net income of the company in 2017, which amounted to US $ 12.09 million.
According to Zaki MYOH's consistency to distribute dividends is nothing but an appreciation of the company to its shareholders.
"The Company will strive to maintain this policy as long as the company posted a positive profit, as one of the main attraction of the company's shares in the capital market," said Zaki.
Based on the company's financial report, at the end of December 2017 MYOH booked cash and cash equivalents amounting to US $ 20.89 million. The unappropriated retained earnings amounted to US $ 56.81 million.