FORU Shared 44% Dividend in the Annual General Meeting

PT Fortune Indonesia Tbk (IDX: FORU) again held the General Meeting of Shareholders (AGM). This annual event was held in the Grand Willow Hotel Royal Kuningan, South Jakarta on June 25, 2014 The meeting began at 09:00 am led by the commissioners and directors of FORU. After about two hours, the meeting decided a dividend share of 44% of Comprehensive Income in 2013.

“Or nearly Rp 4.6 billion, equivalent to Rp 10 per share, payable on August 12, 2014,” said Mulyadi Sulaeman, FORU Director.

This meeting also resulted in the decision that 15% of comprehensive income would be allocated for the company’s  reserve fund payment and the remainder became retained earnings for working capital. As known, in 2013 FORU recorded a revenue of Rp 407 billion and Comprehensive Income of Rp 10.58 billion. “This achievement is quite encouraging in the midst of the national economic slowdown that was offset from the projected 6.3% to only 5.8% in 2013,” said Indra Abidin, Main Director of FORU.

FORU was not concerned with the macroeconomic conditions that had slowed in 2013. It was predicted the conditions would again become desirable and would certainly provide a more promising climate for FORU. Indra was proud of the result of the investment efforts made in 2013 in the development of new business aparatus and in strengthening the existing business areas. The results indicated the presence of expected growth.

In the future, it is expected that some units such as digital marketing via Digital Identity (DID), sports marketing via F-Sports and digital listening tools will benefit from the moment of World Cup and general Election. While advertising services, public relations services, and graphic design and activation services will still become the company’s main revenue source. It is also expected that FORU can work creatively and make achievements.

“Various awards achieved have proven the existence of a high standard of work, because clients’ trust means everything. We also ought to develop various initiatives of Corporate Social Responsibility (CSR) to contribute to national development,” said Indira Abidin, FORU Corporate Secretary.

FORU’s growth in Quarter 1 2014 is quite significant compared to the same period in the previous year. FORU’s operating revenues in Q1 / 2014 was Rp 108,506,939,881 or grew by 171% of the business revenue in Q1 / 2013 amounting to Rp 63,499,815,285. While comprehensive income in Q1 / 2014 was recorded at Rp 3,165,936,901, – compared to Q1 / 2013 in the previous year with a loss of comprehensive income at (Rp 1,353,270,188, -), so the recorded increase is over 300%.