Dividend Policy

Dividend payment policy of the Company is implemented based on financial conditions from time to time and projected capital expenditures for new stores opening targets. Dividend distributions are tied to profit on the same fiscal year, and without prejudice to the rights of GMS to determine, as stated in the Company’s articles of association.

In accordance with the GMS held on 24 May 2019, the Company distribute a cash dividend in the amount of Rp. 10,9 billion or Rp. 7 per share.

In accordance with the GMS held on 25 May 2018, the Company distribute a cash dividend in the amount of Rp. 7,8 billion or Rp. 5 per share.

In accordance with the GMS held on 18 May 2017, the Company distribute a cash dividend in the amount of Rp. 7,8 billion or Rp. 5 per share.

In accordance with the GMS held on 27 May 2016, the Company did not distribute dividend in 2016.

In accordance with the GMS held on 17 June 2015, the Company did not distribute dividend in 2015.

In accordance with the GMS held on 2 May 2014, the Company did not distribute dividend in 2014.

In accordance with the GMS held on 20 June 2013, the Company distribute a cash dividend in the amount of Rp. 5,5 billion or Rp. 3.5 per share.