JAKARTA. PT United Tractors Tbk (UNTR) had spent IDR 3.18 trillion for repurchasing its shares (buyback) from July 12, 2022, until January 11, 2023.

The funds realised by UNTR for this buyback were smaller than the initial budget of IDR 5 trillion. The number of shares repurchased by the company clocks up to 98,326,000 units.

Based on IDNFinancials data, UNTR recorded cash and cash equivalent of IDR 43.41 trillion at the end of September 30, 2022. The company also had unreserved earnings of IDR 65.99 trillion.

At the end of today's (12/1) trading, UNTR's stock price was seen weakening 125 points or 0.50% lower to IDR 24,950 per share. However, its stock price within the past year has gone up 2,275 points or 10.03% higher.

Recently, UNTR is said to have set the capital expenditure budget for 2023 to USD 1 billion, or approximately IDR 15.5 trillion. Most of them will be allocated to heavy equipment, reconditioning, and mining infrastructure. (KR/ZH)