Telecomunicazioni
Mitratel Announces Share Buyback of IDR 1 Trillion
The share buyback shall not affect the financial condition of the Company considering Mitratel has sufficient working capital to carry out the share buyback and to finance its business activities. Mitratel is committed to continuously monitoring the market and macroeconomic trends to ensure the optimization, as well as the effectiveness of this corporate action.
President Director of Mitratel, Theodorus Ardi Hartoko stated that this share buyback is the commitment from management to increase values for shareholders, as well as improve the overall fundamental ratio of the company.
Referring to the company's outstanding Q1 2022 performance, which booked profit of IDR 459.40 billion in Q1/2022, representing 33.86% YoY growth. The company's revenue also surged by 21.45% YoY to IDR 1.87 trillion in Q1 2022.
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