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Logistics SOEs Target Rp1 Trillion in Profits

- 02.48
The State-owned Enterprises (SOE) Department is targeting three SOEs in the logistics and tourism sectors, which are PT Angkasa Pura II, PT Garuda Indonesia, and PT Jasa Marga, to each obtain a profit of Rp1 trillion this year.

“To support this target, an SOE synergy must be carried out. “said the Deputy of the Logistics and Tourism Division of the Department of SOE, Harry Susetyo Nugroho, in Bandung yesterday.

Currently there are 31 SOEs in logistics and tourism with revenues of Rp65.7 trillion.

The net profit is Rp7.7 trillion from a total assets of Rp104.3 trillion.

Currently, PT Angkasa Pura II manages 12 airports in all of Indonesia.

Seven airports suffer a loss last year and five others booked net profits.

This year Angkasa Pura II plan to book a profit of Rp1.18 trillion from all airports.

Meanwhile Garuda Indonesia booked a net profit of more than Rp1 trillion last year, or an increase on the 2008 net profit of Rp669 billion.

Besides that, Jasa Marga booked a net profit of around Rp900 billion.

According to Harry, the Department of SOE is evaluating whether to establish business synergy or create an SOE holding company.

But at the moment they are focusing more on uniting the activities of several SOEs.

“Like Pelindo is expected to synergize to build a hard port for large capacity boats,” he said.

Besides that, the SOE Department is evaluating the existence of Perum Produksi Film Nasional, PT Survey Udara Pena,and PT Bahtera Adi Guna.

They could either be liquidated or submitted to the Department of Communication and Information and the Department of Defense.

“They could also be liquidated because they have not operated for two years,” he said.

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