Indonesia's 141 state firms booked a total of Rp 84.8 trillion (US$ 9.4 billion) in net profits this year, State Owned Enterprises Minister Mustafa Abubakar said in Jakarta on Friday.
“This was excluding profits from 17 state firms listed on the Indonesia Stock Exchange,” Mustafa said, adding that he was pleased with the result. Last year, state firms booked Rp 74 trillion in profit.
According to separate reports, the 17 state firms listed on the Indonesian bourse gained Rp 37.9 trillion in net profits during the third quarter of this year.
State firms concentrating in the energy sector had accounted for the biggest portion of the profits, contributing Rp 33.3 trillion, Mustafa said.
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