PT PP (Persero) Tbk, one of the leading, and largest construction and investment companies in Indonesia (“PTPP”) has completed its annual obligations as an Issuer in the Capital Market, namely the implementation of the Annual General Meeting of Shareholders (“Annual GMS”). Book 2020 today, Tuesday (25/05) at the PTPP Jakarta Head Office. In the Annual GMS, 10 (ten) agenda items were presented to the Shareholders. PTPP reports the company's performance for the 2020 Fiscal Year in which revenues reached 15.83 trillion Rupiah with a net profit of 266 billion Rupiah.
PTPP's Shareholders in the Annual General Meeting of Shareholders have also approved the use of net profit attributable to owners of the parent entity amounting to 128 billion Rupiah are determined entirely to be the company's reserve fund. Apart from the routine agenda presented at the Meeting, the PTPP Annual General Meeting of Shareholders also approved the Amendment to the Articles of Association adjusted to the Financial Services Authority Regulation (“POJK”) Number 15/POJK.04/2020 concerning Planning and Implementation of the Open GMS and POJK Number 16/POJK.04/2020 concerning the Implementation of the General Meeting of Shareholders of Public Companies Electronically. Apart from adjustments to the POJK, there are also changes or additions which are proposals from Series A Dwiwarna Shareholders in Article 12 and Article 15 of the Company's Articles of Association.
The implementation of the Annual GMS which consists of 10th (ten) agenda items has been running smoothly and complies with the Covid-19 health protocol. In the 10th (tenth) agenda, the Shareholders of PTPP approved a change in the composition of the company's management that was proposed by the Dwiwarna Series A Shareholder. We would like to express our gratitude for the services, energy, dedication and contribution of thoughts that have been given while serving as members of the Board of Commissioners and Directors of PTPP which ended with the closing of the Annual GMS for the 2020 Financial Year. In addition, we do not forget to congratulate on joining the Board of Commissioners. and the new Directors and it is hoped that this new management can become a solid team and bring PTPP to become a company that is increasingly leading and the best