Mitra Pinasthika Mustika (MPMX) plans to buy back its shares at price at maximum Rp1200 per share. It allocates Rp120 billion for buy back. The stock was today traded at Rp855 per share. MPMX booked net profit of Rp128.88 billion in the first quarter (Q1) this year on revenues of Rp3.95 trillion. The Company booked lower revenues for the said period, but net profit jumped 80%. MPMX targets 5-10% growth in revenues this year.