JAKARTA – PT Indocement Tunggal Prakarsa Tbk (INTP), a cement manufacturer, allocates IDR 3 trillion to repurchase its shares (buyback), capping at 20% of its paid-up capital. This corporate action will last for three months, starting on June 7, 2022, and ending on September 6, 2022.
Oey Marcos, Director of Indocement Tunggal Prakarsa, claimed that this corporate action is an extension of another buyback that recently ended on June 6, 2022, after being initiated on March 7, 2022. “There are plenty shares that could be reacquired be the company from the buyback limit,” he said in the information disclosure quoted today (7/6).
According to Marcos, the last buyback left the company with IDR 728.02 billion of the total allocated budget of IDR 1.9 trillion. Post-buyback, its total assets will be depleted by IDR 3 trillion to IDR 24.74 trillion. Its current year’s profit will arrive at IDR 182.55 billion, its total equity IDR 19.39 trillion, and earnings per share IDR 53.18.
“The fund source for this corporate action is the internal cash as the company’s cash flow will suffice to cover this shares repurchase,” Marcos stated. (LK/ZH)