TINS - PT. Timah Tbk

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JAKARTA. PT Timah Tbk (TINS), a state-owned tin mining company, has prepared fresh funds of IDR 24.16 billion to cover the payment of bonds’ interests and profit-sharing of sukuk ijarah due February 15, 2022.

Abdullah Umar, Corporate Secretary of TINS, explains that two series of bonds and one series of sukuk ijarah will soon mature. They are Series A and B of Shelf-Registration Bonds I Timah Phase II Year 2019 and Shelf-Registration Sukuk Ijarah I Timah Phase II Year 2019.

The gross interest of the Series A bonds amounts to IDR 6.53 billion, while Series B interests are IDR 10.78 billion. Meanwhile, the profit-sharing channelled out for the sukuk ijarah amounts to IDR 6.85 billion.

“The funds for the payment have been placed in the issuer’s bank account. The payment will be transferred to PT Kustodian Sentral Efek Indonesia (KSEI) by at least February 14, 2022, at 2 PM WIB,” Umar stated in the information disclosure in Indonesia Stock Exchange (IDX).

Based on idnfinancials.com data, TINS’s stock price by the closing yesterday (201) climbed 6.27%, or 85 points, to IDR 1,440. For the record, TINS’s revenue reportedly slid off by 1.90% year-on-year (yoy) throughout January-September (9M) 2021 to IDR 3.83 trillion. Fortunately, its net profit proliferated instead by 153.43% yoy to IDR 341.93 billion. (KR/ZH)