June 11, 2015
On Wednesday, June 10, 2015, PT Summarecon Agung Tbk held Annual General Meeting of Shareholders (AGMS) and Extraordinary General Meeting of Shareholders (EGMS) (the "Meeting"). Agenda of of the meeting was to report Consolidated Financial Statements of the Company for the financial year ended 31st December 2014. The annual financial report has been received well and approved in AGMS. In the annual meeting, the Board of Directors reported that in 2014, Summarecon performance gained excellent achievements. Summarecon still managed to record the highest revenue and profit in the history of the Company, where revenues grew by 30% to Rp 5.33 trillion, or an increase of Rp 1.2 trillion from Rp 4.09 trillion in 2013.
"Bank Indonesia's policy to tighten Property Loan or KPP, which occured from October 2013, has become a challenge for Summarecon, and any other property developers, because many consumers are highly dependent on banking housing loans. This policy has reduced the number of demands and potential home buyers. However, Summarecon, by implementing strong business strategies and maintaining the quality and commitment to customers, in 2014 was able to achieve profit growth. ", Explains Adrianto P. Adhi, President Director of Summarecon.
At the Annual General Meeting has decided that the distribution of dividends is Rp 20, - per share, or equivalent of 21% of net profit. The Company also appointed Mr. Adrianto Pitoyo Adhi as The Presidnet Director of Summarecon, replacing Mr. Johanes Mardjuki who has retired.