Indonesia's State-Owned Enterprises (SOEs) with the Highest Profits in 2022

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Erlina Fury Santika 27/09/2024 16:23 WIB

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Nine state-owned enterprises (SOEs) across various business sectors reported varying net profits in 2022. The largest profits came from the finance and insurance sector.

Total Net Profit of State-Owned Enterprises (SOEs) by Business Sector (2022)

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Total Net Profit of State-Owned Enterprises (SOEs) by Business Sector (2022)

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The Central Bureau of Statistics (BPS) has compiled the net profit of companies under the Ministry of State-Owned Enterprises (SOEs).

The largest net profit was in the finance and insurance sector, reaching Rp129.79 trillion in 2022. This profit surged 47.09% from Rp88.24 trillion in 2021. Revenue in this sector reached Rp581.19 trillion in 2022.

Second was mining and quarrying, with Rp85.80 trillion. This figure skyrocketed 85.35% from Rp46.29 trillion in 2021. Revenue in this sector was the highest, reaching Rp1,450.52 trillion.

Third was wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and warehousing, with Rp67.13 trillion. This revenue increased by 206.63% from a loss of Rp62.96 trillion in 2021. The loss is attributed to activity restrictions due to the Covid-19 pandemic. Revenue in this sector reached Rp171.8 trillion in 2022.

Following this were accommodation and food services, and information and communication, with Rp27.82 trillion in 2022. Manufacturing contributed Rp21.76 trillion. The lowest was construction, with a loss of Rp2.86 trillion.

A complete list is attached below:

* Finance and insurance activities: Rp129.79 trillion
* Mining and quarrying: Rp85.80 trillion
* Wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and warehousing: Rp67.13 trillion
* Accommodation and food services & information and communication: Rp27.82 trillion
* Manufacturing: Rp21.76 trillion
* Electricity and gas supply: Rp14.57 trillion
* Agriculture, forestry and fisheries: Rp6.27 trillion
* Real estate & professional, scientific and technical activities: Rp0.51 trillion
* Water supply; waste management, waste and recycling: Rp0.22 trillion
* Construction: -Rp2.86 trillion

(Also read: 5 Indonesian Companies Made TIME's 2024 Best Companies List, How Much is Their Profit?)

Editor : Erlina Fury Santika

"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."

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