Jakarta, June 9, 2015 - PT Erajaya Swasembada Tbk today has organized a General Meeting of Shareholders and the Extraordinary meeting of shreholders with a number of the agenda of the Meeting, including:
Annual General Meeting
*Annual reports including the annual report the Board of Directors, Board of Commissioners monitoring reports, and the ratification of the annual financial report 2014 financial year;
*Determination of the use of the profit for the financial year 2014;
*Providing the power and authority to the Board of Directors to appoint Public Accountant for the financial year 2015 with the approval of the Board of Commissioners, including but not limited to a set amount of honorarium of such Public Accountant;
*Granting authority to the Board of Commissioners to determine the salary and benefits for members of the Board of Commissioners, and the authority to the Board of Commissioners to determine the salary, benefits, duties and authority of the Board of Directors.
Extraordinary General Meeting of Shareholders
Adjustment of the Articles of Association in accordance with the provisions of the Financial Services Authority Regulation No. 32 / POJK / 2014 About the Plan and Implementation of the General Meeting of Shareholders of Public Company and the Financial Services Authority Regulation No. 33 / POJK / 2014 On the Board of Directors and Board of Commissioners of Public Company ,
Annual General Meeting of PT Erajaya Swasembada Tbk. approved the use of net profit for the fiscal year 2014 amounting to Rp 211 267 297 927, - (two hundred and eleven billion two hundred and sixty seven million two hundred ninety seven thousand nine hundred and twenty-seven Rupiah) to use as follows:
*Distribution of cash dividends of Rp20, - (twenty Rupiah) per share or a total of Rp 58 billion, - (fifty-eight billion Rupiah) before tax, to be paid over 2.9 billion (two billion nine hundred million) shares;
*As much as Rp 1.000.000.000, - (one billion Rupiah) specified as mandatory reserves, in order to comply with the provisions of Article 70 of Law No. 40 Year 2007 regarding Limited Liability Company to be used in accordance with the article 23 of the Articles of Association;
*The rest included as retained earnings.
The Company's performance in 2014
In 2014 the Company has recorded sales of Rp 14.45 trillion, up 13.55% over the previous year's sales amounted to Rp12,73 trillion. Several factors increase in sales, among others: (1) Addition of retail outlets in the form of store or megastore especially for Erafone (2) The existence of retail acquisitions abroad (CG Computer) and (3) Addition of the cluster to the operator.
The Company posted a gross profit of Rp1.29 trillion in 2014, an increase of 10.27% compared to the year 2013 amounted to Rp1.17 trillion. Meanwhile, the Current Year Profit Komphehensif Company in 2014 amounted to Rp211,27miliar, down 39.35% from the year 2013 by Rp348,32miliar. In general, the biggest cost increases recorded by: (1) increase in salaries and employee benefits (2) promotional expenses (3) the increase in the burden of credit card / MDR (4) increase in daily wages (5) increase in cost of rental and service charge.
At the end of 2014, the Company has 80 distribution points and 489 outlets Erafone, the iBox and Switch. In addition, the Company also has a partnership with 19,000 with third-party retail stores.
Company Performance in First Quarter 2015
In the first quarter of 2015 the Company has been appointed as a distributor of the brand Lenovo smartphone, the launching Apple iPhone 6 and iPhone 6 plus, and has conducted the opening 3 Erafone Megastore outlets and three outlets Eraplus.
The Company has recorded sales of Rp3,95 trillion, up 27.64% over the previous year's sales amounted to Rp3,10 trillion. This increase was caused by several things, such as Penambahanan several brands in its portfolio and retail distribution of the Company, as well as the addition of retail outlets Erafone and iBox.
The Company posted a gross profit of Rp358,64 billion in the first quarter 2015, an increase of 24.00% compared to the first quarter of 2014 amounted to Rp289,23 billion. Meanwhile, the Current Year Profit Komphehensif the Company in the first quarter 2015 amounted to Rp75,38miliar, down 6.42% from the first quarter of 2014 Rp80,55miliar. This decrease is caused by several things, among others: (1) increase in salaries caused by the expansion and the addition of retail outlets of the Company, (2) The increase in cost of rental and service charge due to the addition of the Company outlets to strengthen the retail business, (3) Increase merchant selling expenses discount rate (MDR) due to the use of credit cards as means of payment and 0% interest installment program period.
Cost Finance Company in the first quarter of 2015 recorded Rp37,48 billion, down by 29.0% from the fourth quarter of 2015 amounted to Rp52,79 billion.
As of the 1Q15, the Company has 79 distribution points and 509 outlets Erafone, the iBox and Switch.
In addition, the Company also has a partnership with 21,000 third-party retail stores.