Jakarta - PT Jaya Real Property Tbk (JRPT) plans to buy back 192.30 million shares, or 1.44% of the company's total issued and paid-up capital.

"The total budget for the buyback is Rp100 billion," said Deputy Director of JRPT Yohannes Henky Wijaya in information disclosure in Jakarta on Wednesday (12/1).

He explained that the company carried out the buyback plan due to macroeconomic conditions and fluctuations in stock prices on the IDX.

The implementation of the plan will not significantly impact the company's performance and revenue.

As of September 30, 2021, the company recorded a profit per share of Rp48.30. If the buyback is carried out, the net profit per share will be Rp49.01.

"We hope to continue to maintain sustainable growth in the future, which is beneficial for all shareholders of the company, one of which is by maintaining price stability per share by conducting buybacks," he said.