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AGMS 2019

WIKA Beton’s Annual General Meeting of Shareholders: Dividend per Share is Increasing 44.27% 

PT Wijaya Karya Beton Tbk. (WTON) held the Annual General Meeting of Shareholders (AGMS) of 2018 on Wednesday, March 27, 2019 at the Main Hall of the Indonesia Stock Exchange, Jakarta. The AGMS which starts at 2:00 p.m. has 6 (six) agenda items, namely: 

  • Approval of the 2018 Annual Report including the Report Company Activities, Board of Commissioners Supervision Reports and Ratification of Reports the Company's finances that expire on December 31, 2018. 
  • Determination of use of Net Profits including Dividend Distribution for Book Year 2018. 
  • Appointment of the Public Accounting Firm to audit the Financial Statements of the Company for 2019. 
  • Determination of Tantiem for Book Year 2018, Other Salaries & Benefits for the Board of Commissioners and Directors of the Company for 2019. 
  • Amendment to the Company's Articles of Association. 
  • Changes in the Management of the Company.

The AGMS approved the distribution of profit for dividends of IDR 145,92 billion or around 30% of the Net Profit which was distributed as Cash Dividend to the Shareholders. Thus the Dividend per Share (DPS) is IDR 17.50. If compared with the 2016’s DPS of IDR 12,13, then the WTON DPS has increased to 44,27%.

Throughout 2018, WTON recorded sales of IDR 6.93 trillion, a 29.25% increase from the achievement in 2017 of IDR 5.36 trillion. Meanwhile, the Company's Net Profit was realized in the amount of IDR 486.64 billion, an increase of 42.94% from the achievement in 2017 of IDR 3,40.46 billion.

Moreover, cash and cash equivalents as of December 31, 2018 amounted to IDR .865.02 billion. Total equity worth IDR 3.14 trillion rose 14.15% from realization in 2017 and total assets of IDR 8.88 trillion, up 25.66% from realization in 2017. Meanwhile, as of December 31, 2018 WTON posted positive cash flows from operating activities that reached IDR 733.38 billion.

Some of the major projects that contributed to the acquisition of new contracts until December 2018 were still dominated by projects in the infrastructure sector of 69.49%, followed by projects in the energy sector of 20.78%, then the rest came from the property, industry and mining sectors respectively, accounted for 5.76%, 2.28% and 1.70%. These projects include the Jakarta-Bandung HSR Section Fast Train, Kijing-Mempawah Pier, KBN-Marunda Pier, Kunciran Cengkareng Toll Road, Kebumen Sungai Ijo Safety Building, Procurement of Girder Box, PLTGU Tambak Lorok, Golf Island 2018, Tangguh Expansion Project, and the Tondano River Bridge.

Seeing the positive results of the 2018 performance, WIKA Beton set a number of achievement targets in 2019, such as the target of obtaining a total contract of Rp14.81 trillion consisting of new contracts amounting to Rp9.077 trillion and carry-overs of Rp.5.74 trillion. The sales target is Rp.7.95 trillion and the target is net profit of Rp.560 billion. WIKA Beton is also very optimistic about being able to reach these targets.

The AGM adjusts the Company's Articles of Association in Article 3 concerning the Purpose and Objectives and Business Activities with the Indonesian Standard Classification of Business Fields (KBLI) in 2017. The Company also deleted Article 16 paragraph 8 concerning Quorum, Voting Rights and Decisions because it was not relevant to the Company's condition as Public Company.

Regarding the changes in the management of the Company, the AGM decided that there would be a change in the composition of the Board of Commissioners and the Board of Directors, as follows:

The AGM honorably dismissed Mr. Agustinus Boediono as Commissioner of WTON. As for the composition of the Board of Directors, it was decided to honorably dismissed Mr. Mohammad Syafii, Mr. Siddik Siregar, and Mr. Hari Respati then appointed Mr. Imam Sudiyono and Mr. I Ketut Pasek Senjaya Putra.

So that the composition of WTON's Board of Commissioners changed to:

No.

Position

Previous Structure

Latest Structure

1

President Commissioner

Bambang Pramujo

Bambang Pramujo

2

Independent Commissioner

Priyo Suprobo

Priyo Suprobo

3

Independent Commissioner

Asfiah Mahdiani

Asfiah Mahdiani

4

Independent Commissioner

Yustinus Prastowo

Yustinus Prastowo

5

Commissioner

Yohanes Babtista Priyatmo Hadi

Yohanes Babtista Priyatmo Hadi

6

Commissioner

Herry Trisaputra Zuna

Herry Trisaputra Zuna

7

Commissioner

Agustinus Boediono

-

 

No.

Position

Previous Structure

Latest Structure

1

President Director

Hadian Pramudita

Hadian Pramudita

2

Independent Director

Sidiq Purnomo

Sidiq Purnomo

3

Director

Muhammad Syafii

Imam Sudiyono

4

Director

Mursyid

Mursyid

5

Director

Siddik Siregar

I Ketut Pasek Senjaya Putra

6

Director

Kuntjara

Kuntjara

7

Director

Hari Respati

-