The General Meeting of Shareholders (GMS) of PT Elnusa Tbk (ELSA) approved the distribution of dividends for the 2020 fiscal year of Rp10.23 per share or a total of Rp74.72 billion.

"The dividend distribution is equivalent to 30% of the total net profit in 2020 of IDR 249.08 billion," said Elnusa Corporate Secretary Ari Wijaya in a statement on Thursday (22/7).

In addition, the use of profits is used for mandatory reserves of 4% or Rp9.96 billion and retained earnings of Rp164.39 billion or equivalent to 66%.

"Mandatory reserves are set at 4% because the company has fulfilled the mandatory reserves that must be reserved, so this year the determination is at that value," he explained.

In addition to the distribution of dividends, shareholders also approved changes to the board of directors and the composition of the company's board of commissioners.

From the results of the GMS, there are two members of the board of directors who have