The Wheels Of The Indonesian Economy Have Started To Wage, Observers: Because BUMN-BUMN Karya Has Succeeded In Recording Positive Performance

Illustration. (Photo: Doc. Antara)

BUMN observer Toto Pranoto from the University of Indonesia (UI) revealed that the wheels of the economy, which had started to stretch post-COVID-19, helped BUMN-BUMN Karya, such as Adhi Karya, managed to record positive performance in the third quarter of this year. "The performance in the third quarter of 2022 cannot be separated from the economy that has started to stretch after COVID-19," Toto said, quoted from Antara, Friday, November 4. He added that several projects that were delayed in the previous few semesters due to the pandemic, are now starting to resume. "Automatically the performance (BUMN Karya) is increasing," said Toto. Meanwhile, infrastructure observer from Trisakti University Yayat Supriatna said that since the recovery of the pandemic, the construction sector has become a stretched sector, due to the large number of construction sectors, especially infrastructure development, which are moving quickly in pursuing the targets set by the government. "Then in the property sector there is a slight increase, related to the increase in housing needs," said Yayat. He also sees the dynamics of the construction as a trigger for the movement and growth of other sectors, especially to support the needs of the construction sector, both from human resources and the components or material supplements needed. Previously, Adhi Karya Corporate Secretary Farid Budiyanto said that until September 2022 Adhi Karya could record revenues of IDR 9.1 trillion, an increase of 24 percent compared to September 2021's revenue of IDR 7.4 trillion. The BUMN Karya also recorded a net profit until September 2022 of IDR 21.0 billion, an increase of 24 percent from net profit in September 2021. "The increase in Adhi Karya's bottom line in September 2022, apart from being contributed by an increase in income, is also due to efficiency in operating expenses," said Farid. This can be seen from the decrease in operating expenses margin from seven percent in September 2021 to six percent in September 2022. Then interest expense decreased by seven percent in September 2022 compared to last year, and an increase in shared venture income by 39.2 percent in September 2022 to IDR 256.9 billion from IDR 184.5 billion. This shows Adhi Karya's consistency in sustainable growth in the form of improving company performance and maintaining positive performance since the beginning of the pandemic until now.