JAKARTA - The Minister of State-Owned Enterprises (BUMN), Rini Soemarno, has set a profit target of Rp 205 trillion for BUMNs in 2017, an increase from last year's Rp 164 trillion.
"Insya Allah, BUMN can contribute more in terms of profits. In 2016 it was Rp 164 trillion, and in 2017, I am targeting Rp 205 trillion," said Minister Rini during the BUMN Marketeer Awards 2017 in Jakarta on Wednesday evening.
She emphasized that in addition to earning profits, BUMNs aim to improve services in order to enhance the welfare of the people and consumers of Indonesia.
According to her, during the past 2.5 years leading the ministry, BUMN companies, including those in the banking sector, have successfully synergized with one another.
The target of Rp 205 trillion in profits is expected to be achieved through the cooperation of ATM Bersama (Shared ATM) by Himbara Banks (Association of State-Owned Banks), which will be accessible to customers by the end of the year.
Rini hopes that BUMNs will recognize the importance of marketing strategies and brand-building tactics.
The Ministry of BUMN has reported a profit of Rp 39 trillion in the first quarter of 2017, with assets reaching Rp 6,560 trillion during the same period.
Previously, the Secretary of the Ministry of BUMN, Imam Apriyanto Putro, revealed that capital expenditures in the first quarter were quite aggressive, amounting to Rp 54 trillion, but still 88.4% below the target of Rp 468 trillion.
Meanwhile, EBITDA in the first quarter of 2017 was Rp 92 trillion, reflecting a 15% increase compared to 2016.
BUMNs are expected to compete with national, regional, and international private enterprises, thus contributing significantly to the national economy, including through dividend payments and taxes.
Imam explained that BUMN synergies are essential to achieving government targets and are key for BUMN companies to recover and catch up with global competition. (Source: ANTARA News)