Timah Agrees 30% Dividend Payout Ratio
Jakarta. State-owned tin miner Timah (TINS) announced on Thursday it will pay shareholders Rp 312 billion ($20.8 million) in dividends, equivalent to 30 percent of the company's net profit in the fiscal year 2022.
Timah produced around 20,000 tons of tin ores last year and reported Rp 12.5 trillion in revenues and Rp 1.04 trillion in net profit.
The annual shareholders' meeting in Jakarta on Thursday also agreed on the appointment of Ahmad Dani Virsal as the chief executive officer replacing Achmad Ardianto, who is now the human resources director at fellow mining firm Aneka Tambang (Antam).
Below is the new management structure at Timah after the shareholders' meeting:
CEO: Ahmad Dani Virsal
Operation and Production Director: Nur Adi Kuncoro
Finance Director: Fina Eliani
HR Director: Tigor Pangaribuan
Business Development Director: Koko Wigyantoro
Chief Commissioner: M. Alfan Baharudin
Independent Commissioner: Agus Rajani Panjaitan
Commissioners: Yudo Dwinanda Priaadi, Sufyan Syarif, Rustam Effendi
as a preferred
Related Articles
Timah Profit Jumps Ninefold as Illegal Mining Crackdown Lifts Production
Timah’s first-half profit surged ninefold as a crackdown on illegal mining boosted tin production, sales and operating margins.
Timah Net Profit Surges 169% on Robust Tin Demand and Higher Prices
Timah exceeded its 2026 profit target in the first half as stronger tin prices, production and exports boosted earnings.
Timah Profit Surges 1,184% as Output Jumps and Tin Prices Rally
Timah posts 1,184% profit jump in Q1 as output, sales and tin prices surge, beating targets and signaling continued growth momentum.The Latest
UN Boss Commends Indonesian Forest Protection Despite Persistent Haze Problem
Outgoing UN boss António Guterres' comment comes at an ironic time amid Indonesia's struggle with forest fires.
Indonesia Must Benefit Most From Its Minerals: UN Chief
Outgoing UN chief António Guterres says that Indonesia must "retain a far greater share of the economic value" from its minerals.
Chandra Asri Group Receives Trade Finance Excellence Award, Reinforcing Its Role in Indonesia’s Industrial Development
Chandra Asri Group receives the Trade Finance Excellence Award at CIMB Niaga Business Summit 2026.
AEON MALL Deltamas Brings 11 Sports and Creative Competitions to AEONLYMPIC 2026
AEON MALL Deltamas hosts AEONLYMPIC 2026, featuring 11 sports and creative competitions, with more than 3,100 participants.
Indonesian Stocks Extend Losses for Third Day, Fall 3.64% to 4,996
Indonesian stocks fell 3.64% on Monday, extending losses for a third straight session amid MSCI concerns and tighter trading limits.Most Popular
