Despite Falling Profits, Saratoga Enters LQ45 Index in 2023

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Adi Ahdiat 30/03/2023 20:23 WIB

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PT Saratoga Investama Sedaya Tbk (SRTG)'s net profit plunged approximately 81% year-on-year (yoy) in 2022. However, this year it successfully joined the LQ45 index as a new entrant for the February-Ju

Net Profit of PT Saratoga Investama Sedaya Tbk (2019-2022)

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Despite Falling Profits, Saratoga Enters LQ45 Index in 2023

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Net Profit of PT Saratoga Investama Sedaya Tbk (2019-2022)

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PT Saratoga Investama Sedaya Tbk (SRTG), an investment company, reported a net profit of Rp4.62 trillion in 2022.

This achievement plummeted approximately 81% year-on-year (yoy), marking its lowest level in the past four years, as shown in the graph.

The decline in SRTG's profit in 2022 was primarily due to decreased investment gains.

In 2021, SRTG achieved a net profit from equity investments of Rp24.4 trillion. However, this figure dropped to Rp3.72 trillion in 2022.

On the other hand, SRTG's income from dividends, interest, and other investments increased by approximately 57% (yoy) to Rp2.6 trillion.

Their net asset value (NAV) also increased by approximately 8% (yoy) to Rp60.9 trillion in 2022.

"The continued positive growth of NAV amidst various economic pressures throughout last year demonstrates the solidity of Saratoga's investment strategy and the strong fundamentals of its investment portfolio businesses," stated SRTG's management in a press release (March 13, 2023).

Despite the decline in profit, SRTG was included as a new entrant in the LQ45 index for the February-July 2023 period.

The LQ45 index comprises 45 issuers selected by the Indonesia Stock Exchange (IDX) based on specific criteria, such as having the largest market capitalization and highest liquidity.

SRTG invests in various companies across sectors, including coal mining, trading, infrastructure, consumer products, digital technology, and renewable energy.

Some of the issuers in SRTG's investment portfolio at the end of 2022 include PT Adaro Energy Indonesia Tbk (ADRO), PT Merdeka Copper Gold Tbk (MDKA), PT Mitra Pinasthika Mustika Tbk (MPMX), PT Samator Indo Gas Tbk (AGII), and PT Tower Bersama Infrastructure Tbk (TBIG).

Editor : Adi Ahdiat

"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."