What is Pertamina's total asset value?

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21/03/2017 14:40 WIB

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What is Pertamina's total asset value?

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What is Pertamina's total asset value?

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Pertamina's Total Assets

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Since 2012, PT Pertamina (Persero)'s assets have consistently shown growth, reaching Rp 620 trillion in 2016. Prior to this, in 2011, the state-owned company's assets experienced a significant decline.

Throughout 2016, the state-owned enterprise recorded a profit of US$ 3.14 billion, equivalent to Rp 41.7 trillion, representing a 121.1 percent surge from the previous year's US$ 1.42 billion or approximately Rp 18.9 trillion.

The numerous parties with vested interests in this state-owned oil company led to the replacement of President Director Dwi Sujtipto and his deputy Ahmad Bambang. Finally, at Pertamina's General Meeting of Shareholders on Thursday, March 17th, Elia Massa Manik was appointed as the company's new President Director. Elia previously served as President Director of PT Elnusa, a subsidiary of PT Pertamina, and as a Director at PTPN III, the holding company for state-owned plantation companies.

"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."