JAKARTA - SOE Minister Erick Thohir revealed that the profit of consolidation of state-owned companies until the third quarter of 2022 reached IDR 155 trillion. However, he continued, this figure has not been audited.

Erik added that this consolidated profit is proof of the transformation of SOEs which results in positive performance.

For your information, consolidated profit of IDR 155 trillion increased from consolidated profit last year, which was IDR 125 trillion. Meanwhile, in 2020, it only recorded IDR 13 trillion.

"These achievements and contributions are evidence of consolidation, efficiency, and focus on developing ecosystems in BUMN," said Erick during a working meeting with Commission VI of the DPR at the DPR Building, Jakarta, Monday, December 5.

Erick explained, this achievement can be seen in the contribution of SOEs to the state.

Where, for the last 3 years until 2020-2022, the total contribution of SOEs is IDR 1,198 trillion.

The figures consist of taxes, profit sharing, PNBP, and dividends.

"This means that it is IDR 68 trillion higher than the cumulative 3 years (2017-2019) which amounted to IDR 1,130 trillion," he said.

BUMN performance on the IDX is superior to the private sector

Not only that, said Erick, the positive performance of SOEs is also reflected in the Indonesia Stock Exchange (IDX). Erick explained that the performance of SOEs is superior to that of the private sector.

Erick said, the acquisition of funds or capital gains from SOE issuers was recorded at 8.2 percent with cumulative dividends reaching 9.8 percent.

Meanwhile, continued Erick, the return or total return received by BUMN shareholders reached 18 percent or better than the private sector which was only 10.8 percent.

"This is encouraging, if you look at the benchmarking private sector in the stock exchange, capital gains and cumulative dividends, we can return the BUMN consolidation to 18 percent, meaning that it is better than the private sector where capital gains and cumulative dividends are 10.8 percent," he said.


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