Pamers Of Profit For Red Pelat Company In Front Of The DPR, Minister Of SOEs: Up Signal Up To IDR 303.7 Trillion

JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir showed off the profit of consolidating state-owned companies that grew significantly in front of Commission VI of the DPR. In 2022, the profit of BUMN consolidation will reach IDR 303.7 trillion.

Erick said, the achievement of consolidated profits increased by 142.4 percent from the previous year 2021 which was recorded at IDR 125 trillion.

"Clean traffic has increased again very significantly, namely an increase from IDR 125 trillion, if audited approximately IDR 303.7 trillion. There has been a significant increase of IDR 179 trillion," he said in a working meeting with Commission VI of the DPR, Parliament Complex, Senayan, Monday, February 13.

On this occasion, Erick said that this consolidated profit of IDR 303.7 trillion already includes Garuda Indonesia's non-cash profit of IDR 55.7 trillion.

Erick said the SOE's moncer performance was also followed by the growth in SOE assets from IDR 8,978 trillion to IDR 9,867 trillion.

"Equity, because we have a lot of corporate actions that we strengthen capital, don't pay off. This also increased from Rp2,778 trillion to Rp3,150 trillion. And income also increased from Rp2,292 trillion to Rp2,613 trillion," he explained.

Erick said, this increase in equity could not be separated from strengthening capital not from debt.

He said the positive performance of BUMN in 2022 was the impact of the 75 percent transformation.

According to Erick, this is a challenge for SOEs to improve their performance this year.

"But it's back to being pressure for us in 2023 because the transformation we are pushing is almost 75 percent. Will this remaining 25 percent make profit in 2023 still higher or not," he said.