JAKARTA. PT Lautan Luas Tbk (LTLS), importer and distributor of chemicals for the batik and food industries, will pay off the remaining Shelf Registration Bonds III Phase II 2021 Series A worth IDR 315 billion which will mature on November 12, 2024.
Eurike Hadijaya, Investor Relations at LTLS, said that repayment of the debt securities would use a combination of internal and external funds. The companys cash and cash equivalents as of June 30 2024 were recorded at IDR 227.6 billion.
Repayment of the bonds will not have a negative impact on the companys operational activities, law, financial condition or business continuity and will subsequently have a positive impact on the companys financial condition in the future, explained Hadijaya, in his official statement.
According to .com data, LTLS posted revenue of IDR 3.71 trillion in the first semester (1H) 2024. Meanwhile, its net profit was IDR 136.56 billion. (KR/LM)