Businesses are Significantly Affected, Astragraphia Still Distributes Dividends
- Astragraphia Holds Annual General Meeting of Shareholders (AGMS)
- The AGMS approved the payment of dividends amounting to 40% of net income
- Astragraphia is able to maintain its position as market leader in 2020
- The AGIT entity achieved new contract growth from the accelerated need for digital technology
Jakarta, April 14, 2021 - Today, PT Astra Graphia Tbk (Astragraphia) is holding an Annual General Meeting of Shareholders (AGMS) at Catur Dharma Hall, Menara Astra, Jakarta. In order to support the implementation of government policies related to the handling of the Covid-19 pandemic, Astragraphia shareholders can also provide power electronically through e-Proxy provided by the Indonesian Central Securities Depository (KSEI).
Throughout 2020, Astragraphia managed to maintain its position as the market leader in the A3 color and monochrome multifunction device segment, as well as production printers. This achievement was realized through consistent market penetration of the document solutions business unit as the company's core business. The information technology solution business unit run by a subsidiary of PT Astra Graphia Information Technology (AGIT) has succeeded in seizing opportunities from the acceleration of digital technology needs. In 2020, AGIT managed to record a new contract growth of 16% compared to the same period in 2019.
Hendrix Pramana - President Director of PT Astra Graphia Tbk said, "In the midst of a pandemic situation and very challenging business conditions, Astragraphia has tried to navigate, adapt and mitigate quickly to seize business opportunities and optimize performance. Providing the best service to customers while maintaining the health and safety of employees, will be Astragraphia's top priority in 2020. "
Government optimism is reflected in the predicted economic growth in 2021 of around 5%, after experiencing a contraction of 2.07% in 2020. The effectiveness of the Covid-19 vaccination is believed to also encourage gradual improvement in the regional economy. Even though it is improving, it is predicted that by the end of 2021 regional economic activity will remain below the pre-pandemic condition.
Hendrix Pramana added, "Domestic and foreign economic challenges are predicted to continue in 2021, however Astragraphia will strive to obtain better income and profits, while maintaining its leadership in the printing and digital industry through innovation and improving ways of working that are is followed by a precautionary principle."
The company has streamlined operational costs and capital costs through efforts to improve process efficiency and will continue to strive to carry out operational excellence in every business line process and seek new opportunities to get better results amid uncertain conditions.
Based on today's AGMS resolution, there is no change in the composition of the members of the Board of Commissioners and the Board of Directors of the Company. The AGMS approved the distribution of dividends to shareholders amounting to 40% of the total net profit for the 2020 financial year. Each Astragraphia shareholder will receive a total dividend of Rp14 per share. Previously, Astragraphia has distributed interim dividends on October 20, 2020 amounting to IDR 5, - and the remaining IDR 9, - will be paid on May 12, 2021.
Halim Wahjana - Director of PT Astra Graphia Tbk said, “Astragraphia has a fairly good cash position even though its business performance was significantly affected by the contraction in national economic growth as a result of the Covid-19 Pandemic. On a consolidated basis, Astragraphia recorded a net income of IDR 3.35 trillion and was able to generate a net profit of IDR 48 billion, where the largest contribution to net income was obtained from the core business of document solutions."
Shown in the picture (from left to right):
1) Hendrix Pramana - President Director of PT Astra Graphia Tbk
2) Santosa - President Commissioner of PT Astra Graphia Tbk
3) Halim Wahjana - Director of PT Astra Graphia Tbk
About PT Astra Graphia Tbk:
PT Astra Graphia Tbk (ASGR) (“Astragraphia”) is a public company that was founded in 1975 and has been listed on the Indonesia Stock Exchange since 1989. As a pillar of Astra's business in the information technology sector, Astragraphia focuses on the Printing and Digital Services business scope. . Astragraphia has a Document Solution business portfolio with exclusive partner Fuji Xerox, presenting end-to-end solutions ranging from personal printing needs, offices, Graphic Art to managed print services. Astragraphia has a subsidiary, namely PT Astra Graphia Information Technology (AGIT) which serves the needs of Information Technology Solutions, especially Digital Services through collaboration with world-class strategic partners as well as its own solutions that include hardware, software, services and PT Astragraphia Xprins Indonesia (AXI) who are present as One Click Office Solution by providing solutions for all office needs through AXIQoe.com, the leading B2B and B2G ecommerce service in Indonesia, PrintQoe.com, the first B2B and B2G online printing service in Indonesia, and CourierQoe which is a logistics and distribution service for B2B and B2G. For more information, visit www.Astragraphia.co.id
For further information, please contact:
Chief of Corporate Secretary, Legal & Corporate Communications
PT Astra Graphia Tbk
Jl. Kramat Raya No. 43
Phone: (021) 390 9190 ext 1280