BALINEWS.ID – PT Hatten Bali Tbk (IDX: WINE), the pioneer of locally produced wine in Bali, held its 2024 Annual General Meeting of Shareholders (AGMS) at Hotel Inna Sindhu Beach, Sanur. The meeting marked another milestone year for the company, highlighting strong financial performance, dividend distribution, and strategic growth initiatives.

In the fiscal year ending December 31, 2024, Hatten Bali reported a revenue surge to IDR 283 billion, a 12% increase year-on-year. Net profit followed suit, climbing 13% to IDR 44.9 billion. The company’s asset base also strengthened significantly, growing by 17.4% to reach IDR 451.3 billion.

As a gesture of appreciation to its shareholders, the AGMS approved a cash dividend of IDR 3.5 per share, representing 21% of the 2024 net profit. The total payout amounts to IDR 9.4 billion, while the remaining IDR 35.5 billion will be retained for future investments.

“We are grateful for the trust of our shareholders and the dedication of our team. 2024 was a year of remarkable growth, and we are optimistic about continuing this momentum into the second half of 2025,” said Ida Bagus Rai Budarsa, President Director of PT Hatten Bali Tbk.

Looking ahead, the company anticipates a spike in demand for local wine products, fueled by the expected influx of tourists during the summer and school holiday season in Bali.

“We are seeing strong market signals and are focused on expanding distribution while maintaining the high quality of our products,” Rai Budarsa added.

Additionally, the company confirmed that 100% of the proceeds from its initial public offering, totaling IDR 84 billion, have been fully utilized. As outlined in the IPO plan, 80% of the funds (IDR 67.2 billion) were invested in raw materials, with the remaining 20% directed toward boosting brand awareness, solidifying Hatten Wines’ position in the Indonesian wine market. (*)