Ministry of SOEs Estimate Net Profit of State-Owned Enterprises Reaches Rp 7 Trillion in First Semester 2018

By : Hariyanto And Aldi Firhand. A | Wednesday, June 20 2018 - 21:37 IWST

PT Adhi Karya Tbk (Hariyanto/ INDUSTRY.co.id)
PT Adhi Karya Tbk (Hariyanto/ INDUSTRY.co.id)

INDUSTRY.co.id - Jakarta - Deputy for Construction and Transportation Facilities and Equipment (KSPP) Ministry of State-Owned Enterprises Ahmad Bambang estimates that the net profit of state-owned enterprises in the first half of 2018 could reach Rp 7 trillion.

The SOEs are PT Jasa Marga (Persero) Tbk, PT Adhi Karya (Persero), PT Wijaya Karya (Persero) Tbk, PT Waskita Karya (Persero) Tbk, PT Hutama Karya (Persero), and PT PP (Persero) Tbk.

"The data until May showed better financial performance from the first quarter, with net profit achievement of around Rp5, 5 trillion," said Abe, greeting familiar, recently.

With the achievement of net profit up to May 2018 of Rp 5, 5 trillion, he is optimistic that the net profit of six state-owned enterprises can be realized around Rp 7 trillion by the end of June this year.

"The achievement plan is supported by various projects being undertaken by state-owned enterprises, such as toll roads, and so forth," said former Vice President Director of Pertamina (Persero).

In addition, the government is pushing Waskita Karya to release minority shareholdings on several toll road sections. This is due to the number of toll road projects that are being and will be done by the company.

"So that other projects can focus on it. Kan, Waskita is not a toll road operator, "he said.

To complete the construction of the toll road under construction, Waskita requires substantial funding. Currently, the company has a loan ceiling of Rp70 trillion and only absorbed about Rp40 trillion.

"But I do not agree they take a whole credit plafond if the covenant has passed," he said. (Imq)

News Comment

Today's Industry

World Bank Group (Images by ITU)

Kamis, 05 Maret 2020 - 07:23 WIB

World Bank Group Announces Up to $12 Billion Immediate Support for Covid-19 Country Response

As Covid-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and…

Synopsys, Inc. (Images by PR Newswire)

Rabu, 04 Maret 2020 - 16:57 WIB

Better IoT Security Depends on Changes in Culture, habits

Ironically enough, the good news about the atrocious security of Internet of Things (IoT) devices might be that the bad news is getting a higher profile.Stories about security cameras getting…

Line Security Bug Bounty Program (Images by LINE Corporation)

Rabu, 04 Maret 2020 - 16:47 WIB

LINE Security Bug Bounty Program Report 2019

In late 2018 through early 2019, we began investigating the potential benefits of moving our program to HackerOne. After careful consideration, we concluded that we could likely improve the…

Check Point Software Technologies (Images by Acclaim)

Rabu, 04 Maret 2020 - 16:34 WIB

Check Point’s Hits Major Milestone as 100th Academic Institution Joins the Global Education

Check Point Software Technologies Ltd. NASDAQ: CHKP, a leading provider of cyber security solutions globally, has today announced that its Check Point SecureAcademy education initiative reached…

CloudGuard SaaS (Images by Check Point Software)

Kamis, 27 Februari 2020 - 14:08 WIB

Why are we still talking about email security?

with the rapid adoption of the internet and then the mobile internet, the email security market matured as enterprises understood that accessing proprietary information via the network exposed…