Jakarta - PT Indocement Tunggal Prakarsa Tbk (INTP) plans to extend the sixth share buyback period from September 7 to December 6, 2022.

"The extension of this period is because of the significantly fluctuating market conditions," said INTP Director Oey Marcos in information disclosure on Wednesday (9/7).

He continued that the company plans to repurchase shares as much as Rp3 trillion, with the number of shares to be repurchased not exceeding 20% ​​of the paid-up capital.

"The remaining funds that can still be used to buy back shares amounted to Rp294.777 billion," he added.

Meanwhile, the remaining shares the company can repurchase are 489.167 million.

Furthermore, the company believes that implementing the share repurchase will not result in a decrease in revenue because the funds used are internal funds.

After the share repurchase, the total assets became Rp22.891 trillion, and the profit was Rp29