PT Sinar Mas Multiartha Tbk (SMMA) plans to buy back its 10% shares or 636.76 million units. It allocates Rp5.2 trillion for buying back its shares. The Company allocates capital expenditure (capex) of Rp2 trillion for this year. SMMA targets 20% revenues growth for this year while net profit of targeted for 10-20%. In 2016, the Company booked net profit of Rp1.3 trillion on revenues of Rp30.6 trillion. SMMA will pay dividend of Rp600 billion for 2016 fiscal year, representing 44% of its profit.
