Link: https://links.sgx.com/1.0.0/corporate-announcements/OARYST9QZT5CED0Q/fb5f5a17a6d025ec1296f39e01dcb9d5aafbbe26e8f364b05a0292e7e085c802

Summary:

• SAMKO TIMBER LIMITED reported a total profit of Rp2,112 billion for the first quarter of 2025, representing a significant turnaround from a total loss in the corresponding period of the previous year.
• The primary driver for this profit was a gain on the disposal of subsidiaries, which amounted to Rp2,439 billion.
• This gain was partially offset by a net loss from discontinued operations.
• The company completed a capital reduction exercise that included a cash distribution of approximately Rp40 billion to shareholders.
• No dividend was declared for the financial period ended 31 March 2025 due to accumulated losses, while the plywood industry continues to face uncertainty.