GLVA’s AGM Declared Cash Dividend an Increase of 100 % (YoY)
Jakarta, June 15, 2023 - PT Galva Technologies Tbk ("GLVA") recorded a twofold net profit growth from the previous year. This net profit growth was contributed by the Solutions-based business unit, where this net profit performance was in line with sales growth that accelerated to 33% from the previous year. Going forward, the Company will continue to strengthen its business steps as a Solution Company in Technology, reflected in the performance of the Solutions Based Segment which experienced sales growth of 43,44% in 2022.
The target in 2023, the Company allocate a Capital Expenditure budget that is 80% higher than the capex budget for 2022 to increase recurring income through the managed services business model. Through the trademark "LIBERA", the Company’s subsidiaries also contributed positively to consolidated revenue and net income. The company is expanding its sales of TKDN (Domestic Component Level) certified information technology products as a sustainable strategic move while supporting the growth of Indonesian Information and Communication Technology (ICT) in the era of increasingly competitive global competition. This act is also carried out to expand the company's selling penetration within the government and State-Owned Enterprises (SOE). Furthermore, GLVA boosts marketing and sales with Digital Marketing strategies through social media and e-commerce platforms, resulting in a significant increase in sales in 2022.
Return on assets (ROA) and return on equity (ROE) have increased to 8.62% and 26.71%, respectively, indicating that the quality of each operation performed by the company has evolved. The increase in ROE accompanied by an increase in ROA demonstrates that the company is managing its assets and capital more effectively in order to generate higher returns on the investments made by shareholders.
In the Annual General Meeting of Shareholders (AGMS) held on 15 June 2023, at the Galva Building, the Company announced the distribution of cash dividends an increase of 100 % (YoY), that will be distributed to shareholders whose names are registered in the Register of Shareholders on 27 June 2023 (recording date). Despite the dynamics of national and global crises, the Board of Directors who attended the AGMS were confident that the company is able to see business opportunities and improve its performance through strategic thinking.
About PT Galva Technologies Tbk (“GLVA”)
PT Galva Technologies Tbk ("GLVA") is a public company that was established in 1993 and listed on Indonesia Stock Exchange since 2019. The company has become a leading regional partner for Information and Communication Technology products and solutions in the field of digital technology. Currently, the Company has a marketing network distributed in over 250 cities and districts and offers after-sales service in over 12 major cities throughout Indonesia. Through its three business segments, which are Business Solutions, Document Solutions, and IT Distribution, the company has a vision and is optimistic that it will continue to grow as a provider of high-quality products and services to consumers, the best working environment for every employee, and provide real benefits to society.
Finance Director / Corporate Secretary
PT Galva Technologies Tbk
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