Issuer Tommy Soeharto Humpuss Maritim International Distributes Dividends of IDR 18 Billion
Issuer Tommy Soeharto Humpuss Maritim International Distributes Dividends of IDR 18 Billion
PT Humpuss Maritim Internasional Tbk (HUMI) will distribute dividends to shareholders worth IDR 18.04 billion or the equivalent of IDR 1 per share. The dividend covers 11.4% of net profit after tax that is entitled to the owners of the parent entity in the 2023 financial year.
The President Director of PT Humpuss Maritim Internasional Tbk, Tirta Hidayat, conveyed the dividend distribution plan in accordance with the decision of the 2023 HUMI Annual General Meeting of Shareholders (AGMS) on Friday, June 14 2024. Where the company decided to distribute a dividend of USD 1.18 million.
Furthermore, the remaining net profit of the Company after deducting dividend distribution and reserves will be recorded in a retained earnings balance of USD 9.21 million to finance HUMI’s future business development.
“The distribution of cash dividends is scheduled for July 15 2024,” said Tirta in the Indonesian Stock Exchange (BEI) information disclosure, written on Wednesday (19/6/2024).
In 2023, the issuer affiliated with Tommy Soeharto posted revenue of USD 106.38 million, an increase of 16.22% compared to the 2022 achievement of USD 91.53 million. From this achievement, HUMI recorded a profit for the year of USD 12.69 million in 2023, growing 15.94% from 2022 profit.
HUMI targets profit and asset growth of around 20% in 2024. At the same time, the company is preparing a number of expansion plans, such as increasing the fleet of ships and expanding the market.
Tirta explained that the increasing demand for Offshore Supply Vessels (OSV) offers promising opportunities for companies, which require the acquisition of additional vessels to meet industry needs. Throughout 2023, the company has successfully added 4 new vessels to its fleet, with ambitious plans to continue its growth rate.
“To meet market needs, in 2024, HUMI plans to add 9 ships, consisting of 3 chemical ships, 1 LNG ship, and 5 Tugboat ships. This need is adjusted to market demand, where these three types of ships are currently very popular in Indonesia. ” he said.
Until the end of May 2024, the company has realized 2 chemical ships and 2 harbor tug ships. These four ships are fully operational and serve customers according to their ship type segments.
What is Humpuss Maritime International’s profit target in 2024?
Previously, PT Humpuss Maritim Internasional Tbk (HUMI) targeted profit growth of 20.50 percent in 2024. This growth will be driven by increased revenue from the chemical transportation business segment.
President Director of PT Humpuss Maritim Internasional Tbk, Tirta Hidayat, said the company plans to expand its market share in the chemical segment by implementing the planned ship fleet development strategy. This is to meet increasing market needs.
“In 2024 the net profit will increase by around 20 percent (target). Revenue will also increase by around the same figure in the range of 20 percent,” said Tirta in an incidental public presentation, Monday (26/2/2024).
To achieve this target, the company has prepared a number of strategies, including increasing growth outside government agencies.
Currently, the company’s client portfolio predominantly consists of government entities, with 80 percent of clients represented by institutions such as Pertamina, Pelindo, and PLN. The strategic objective is to enhance this portfolio by actively pursuing and establishing partnerships with private sector organizations, so that its composition becomes more balanced.
“The expansion of private sector clients depends on proactive efforts to reach international customers, foster global partnerships, and diversify the client base for sustainable growth,” said Tirta.
Aim for Business Expansion
Furthermore, in order to expand its client network, the company is targeting international business expansion. After collaborating for more than 30 years with large Japanese companies, in 2023 the company will expand international cooperation with American companies.
“Starting in 2024, the company is targeting expansion into Middle Eastern countries. The expansion of offshore operations and exploration of new fields in the Middle East is expected to be the main driver of demand for vessels, as they play an important role in transporting materials and resources critical for offshore production ,” added Tirta.
The ship market in the Middle East is experiencing strong growth, with a Projected Compound Annual Growth Rate (CAGR) of 6.50 percent. This growth is estimated to push the market value to an impressive figure of USD 32.92 billion by 2028.
Humpuss Maritime International Purchases Tugboat for IDR 4.5 Billion
Previously, PT Humpuss Maritim Internasional Tbk (HUMI) increased its ownership of one tugboat (Tug Boat) worth IDR 4.5 billion. This transaction was carried out on November 17, 2023.
Main Director of Humpuss Maritime Intern
National Tirta Hidayat said that the ship was purchased from PT Kemas Bahan Sejahtera Lestari by a subsidiary of the Company.
“The acquisition value of one ship unit is IDR 4.5 billion,” he said in an information disclosure to the Indonesian Stock Exchange (BEI), written on Wednesday (22/11/2023).
As is known, the seller of the ship is PT Kemas Sejahtera Lestari, a company established under Indonesian law and domiciled in Jakarta, which is not an affiliate of the Company.
Meanwhile, the buyer of the ship, namely PT Humpuss Transport Curah, is a subsidiary of the Company and a company controlled by the Company with direct ownership of 99.9 percent.
Thus, he explained, this transaction is not an affiliate transaction or material fact as defined in the regulations on operational activities, Financial Services Authority No. 42/POJK.04/2020 law, financial conditions or regarding affiliated transactions and conflicts over the business continuity of issuers or public companies of interest.
“The purchase of the ship was carried out to develop the business of the Company’s subsidiaries,” he said.
