KLBF – Allocated around IDR1 tn for shares buyback

KLBF – Allocated around IDR1 tn for shares buyback Kalbe Farma (KLBF) allocated around IDR1 tn for shares buyback, which will be sourced from its internal funds and already approved by its shareholders via AGMS, back on May 16th, 2024. The buyback period is no later than 12 months since it was approved by its shareholders, with a maximum price of IDR1,600 per share. This year, KLBF expects its revenue and net profit to grow by around 6-7% yoy and 13-15% yoy, respectively. Moreover, KLBF has allocated around IDR1 tn for 2024' capex. (Source : Kontan)