PLN's Net Profit Soars 162.4% in the First Half of 2022

Economics & Macro

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Reza Pahlevi 29/07/2022 13:30 WIB

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PLN recorded revenue of Rp211.66 trillion with a net profit of Rp17.4 trillion in the first half of 2022.

PLN Net Income and Profit/Loss (Semester I, 2021 vs 2022)

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PLN's Net Profit Soars 162.4% in the First Half of 2022

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PLN Net Income and Profit/Loss (Semester I, 2021 vs 2022)

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State-owned electricity company Perusahaan Listrik Negara (Persero), or PLN, recorded revenue of Rp211.66 trillion in the first half of 2022. This represents a 20% year-on-year (YoY) increase from Rp175.92 trillion.

Electricity sales increased from 125.49 TWh in the first half of 2021 to 133.87 TWh in the first half of 2022. This also resulted in a 7.2% YoY increase in electricity sales revenue to Rp150.6 trillion.

In addition, PLN received electricity subsidies of Rp26.19 trillion and compensation of Rp31.23 trillion during this period.

PLN's net profit increased by 162.4% YoY to Rp17.4 trillion. In the same period last year, net profit was recorded at Rp6.6 trillion.

This profit increase does not yet include the adjustment of electricity tariffs for customers with 3,500 VA and above. This regulation only came into effect on July 1, 2022.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."