JAKARTA – PT Jaya Real Property Tbk (JRPT) allotted IDR 100 billion to the share buyback plan of 173,900,000 units of shares. Niken Larasati Rahardjo, the Corporate Secretary of Jaya Real Property, announced this action in the information disclosure, quoted Tuesday (11/5).
According to Rahardjo, the said arrangement is expected to improve the quality of stock trading and boost the stock price. Furthermore, the said plan is to give a more flexible capital structure, thus driving the increase of earnings per share (EPS).
“The plan would be carried out at least 18 months after being approved during the Extraordinary General Shareholders Meeting on June 21, 2021,” Rahardjo added.
This corporate action would affect its assets, equity, and the listed shares. After the buyback, JRPT would then record total assets of IDR 11.57 trillion, total equity of IDR 7.88 trillion, a net profit of IDR 186.74 billion, listed shares of 13,393,531,300 units, return on asset (ROA) of 1.61%, and return on equity (ROE) of 2.37%.
While in March 2021, JRPT’s total assets were at IDR 11.67 trillion, total equity of IDR 7.98 trillion, a net profit of IDR 186.74 billion, listed shares of 13,567,431,500 units, return on asset (ROA) of 1.60%, and return on equity (ROE) of 2.34%. (LK/ZH)