Minister Of SOEs Predicts The 2022 Red Pelat Company's Clean Profit Prediction IDR 200 Trillion

Illustration. (Irfan Meidianto/VOI)

JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir predicts that the net profit of state-owned companies will reach Rp200 trillion in 2022. Erick said, this figure can be achieved considering that net profit for 2022 has not been closed.

"Perhaps this year's BUMN profit is IDR 200 trillion, likely. This is not yet closed. What does that mean? If it is true, IDR 200 trillion, which was previously IDR 125 trillion, it will increase again," he said at a press conference for Christmas 2022 with the Ministry of SOEs and SOEs, written on Sunday, January 15.

Erick said, the high possibility of BUMN consolidation profit is thanks to the work of the big family of red plate companies that have united in all differences.

"This is because of what? Earlier, what I said, the work of the big BUMN family, united, united the differences. Performing efficiency, mutual cooperation," he said.

Previously, SOE Minister Erick Thohir revealed that the profit of the 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. 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.

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.