JAKARTA - PT Saratoga Investama Sedaya Tbk (SRTG) has succeeded in optimizing investment growth, in line with the economic recovery. Until the first semester of 2022, the investment company owned by conglomerates Edwin Soeryadjaya and Sandiaga Uno achieved dividend income of Rp. 1.4 trillion, up 58 percent compared to the same period last year which amounted to Rp. 866 billion.
The dividend income was mainly contributed by PT Adaro Energy Indonesia Tbk (ADRO) and PT Mitra Pinasthika Mustika Tbk (MPMX) or MPM. Meanwhile, the increase in the investment portfolio value pushed Saratoga's net asset value (NAV) to reach Rp60 trillion, growing 29 percent from Rp46.5 trillion.
Saratoga President Director Michael William P Soeryadjaja explained that the consistent growth of NAV is an indication of the company's success in carrying out its investment strategy in the midst of various situations. The positive performance of portfolio companies in line with the economic recovery also shows that SRTG investment has an important role in Indonesia's economic growth.
"We believe that the room for growth in Saratoga's portfolio business is still wide open, so that the company's investment value will continue to increase. Saratoga will also continue to invest in assets in strategic sectors that have a broad impact on economic revival," Michael said in a written statement, quoted on Monday 1 August.
SRTG has taken a number of steps to optimize investment opportunities in the future, including the divestment of 3 percent of PT Tower Bersama Infrastructure Tbk (TBIG) worth IDR 2.2 trillion to Digital Bersama Infrastructure Asia Pte Ltd (BDIA).
The divestment of shares is part of an internal restructuring carried out by SRTG with Provident Group to strengthen its investment strategy in the digital infrastructure sector, such as telecommunication towers, fiber optics, and data centers. After the divestment of TBIG's shares, SRTG now owns 35.2 percent of BDIA's shares and 9.3 percent of TBIG's shares through its wholly-owned subsidiaries.
"The divestment of TBIG's shares to BDIA aims to strengthen the strategy and execution of each of Saratoga's investment plans, including working with new partners. As part of the restructuring, we have successfully signed a partnership with Macquarie Asset Management as a strategic partner at BDIA," said Michael.
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