Danareksa Aims For A Capai Consolidation Net Profit Of IDR 1.29 Trillion At The End Of 2023

Photo: Special

PT Danareksa (Persero) targets consolidated net profit throughout 2023 of IDR 1.299 trillion, or an increase slightly from last year's IDR 1.245 trillion.

Danareksa's Director of Finance & Risk Management, Muhammad Teguh Wirahadikusumah, said that the net profit target jumped around 34 percent from 2021 when the holding was formed, which was IDR 728 billion.

"So in 2022, the performance will indeed jump from Rp. 728 billion to Rp. 1.2 trillion, and in 2023 God willing, we can achieve it and this is in accordance with RKAP (Company Work Plan and Budget) so it is still as planned," he explained to the media crew, Monday, December 11.

Teguh believes that the 2023 consolidated net profit target can be achieved and will also increase the total consolidated assets in 2023 to IDR 70.135 trillion, an increase of 20 percent compared to 2021 which amounted to IDR 48.386 trillion.

According to Teguh, this condition further proves that one of the initial objectives of making the holding is to maximize all economic values of SOE assets that can be realized.

In addition to net profit and asset value, Teguh also targets an increase in all financial performance indicators in 2023 such as net income up 11.5 percent.

Then, Return Of Equity (ROE) rose 3.7 percent, and the debt to equity ratio (DER) also increased by 0.47 times.

"Debt to equity ratio, although it has increased, is still far from the Ministry of SOEs, the target is 3 times, so we still have a lot of room to continue to grow," he said.

Teguh explained that after the 10 SOEs were completed, the BUMN Holding Danareksa focused on the sustainability of financial performance so that it could be more credible, accurate, and timely and would integrate all financial reports that were previously semi- manual into more integrated, fast, and accurate.

"Now that we are in the process, God willing, we will integrate financial reports. For monthly financial reports that were previously semi- manual, so using SAP, a strengthening of risk management will be carried out," he explained.

Teguh said that his party is also strengthening and implementing the risk management system that has been required by the Ministry of SOEs to be able to mitigate risks in the future and hopes that all steps to transform finance will have a positive impact on the company.

"Hopefully it can be provided with credible financial reports carried out with a good KAP, and measurable and integrated risk management so that we can anticipate various risks in the future," he said.