JAKARTA. PT Jaya Real Property Tbk (JRPT) will repurchase another 100 million of its shares, equivalent to 0.727% of the total issued and paid-up capital.
Yohannes Henky Wijaya, Deputy Director of JRPT, said that the company has prepared a budget of Rp 50 billion for the second buyback plan. Previously, in March 2020, JRPT had carried out its buyback with a budget of Rp 100 billion.
In the disclosure of information released today, JRPT claimed that the buyback action was carried out in response to market conditions that were fluctuating significantly.
With the buyback, Wijaya said JRPT's net profit per share was projected to rise to Rp 15.4 per share. Meanwhile, the company's net profit per share until the end of the first quarter yesterday was still at the level of Rp15.10.
JRPT appoints PT Indo Premier Sekuritas as an intermediary for securities trading. Buyback will be done through transactions on the Indonesia Stock Exchange. (KR/AR)