Home » Business » Until May, SMI Raised Operating Income of IDR 2.3 Trillion Page all

Until May, SMI Raised Operating Income of IDR 2.3 Trillion Page all


JAKARTA, KOMPAS.com – PT Sarana Multi Infrastruktur (Persero) or SMI earned an operating income of Rp 2.13 trillion as of the end of May 2021.

The company also recorded a net profit in the same period of Rp. 754 billion.

Despite the good performance, SMI has also experienced great challenges due to the Covid-19 pandemic.

“Towards the end of Semester I-2021, all national and regional economic activities are still experiencing great challenges due to Covid-19, including SMI,” said SMI President Director Edwin Syahruzad in a virtual conference, Tuesday (29/06/2021).

However, SMI has an expanded mandate to support the national economic recovery (PEN) in the conditions of the Covid-19 Pandemic.

With the expansion of this mandate, it is the company’s priority to continue to expand its capacity to support PEN.

In addition to operating income and net profit, SMI recorded a commitment of Rp 111.69 trillion and outstanding worth IDR 70.28 trillion.

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The total value of projects that have been financed by the company until May 2021 has reached Rp 704.35 trillion.

Last year, SMI received an expanded mandate from the Ministry of Finance to channel PEN funds to local governments and SOEs in the form of regional PEN loans worth Rp 20 trillion.

This figure is obtained from the State Revenue and Expenditure Budget (APBN) and SMI funds, each amounting to Rp 10 trillion.

SMI has also disbursed PEN funds in the form of Government Investments worth Rp. 15 trillion for three State-Owned Enterprises (BUMN).

The three are PT Kereta Api Indonesia (Persero), PT Krakatau Steel (Persero) Tbk, and PT Garuda Indonesia (Persero) Tbk.

The funds are intended to assist the performance of each SOE in overcoming the impact of the Covid-19 pandemic on business income.

The company is also committed to continuing to support national strategic projects (PSN) that benefit the wider community in order to achieve sustainable development goals, such as projects climate change and green energy.

Also read: Until November 2020, SMI Prints a Net Profit of IDR 1.9 Trillion

So far, SMI has also collaborated with stakeholders in capacity building and socialization related to SMI’s innovative financing products, such as platform SDG Indonesia One (SIO) and Green Bond.

The goal is to optimize the financing of environmentally sound infrastructure projects in Indonesia.

SMI also continues to strive to maintain and optimize public trust in every business activity through well-managed risk management and mitigation.

More than that, the company always applies the principles of good governance (good corporate governance), as well as transparency and accountability so that SMI’s business activities have a positive impact on social, economic and environmental aspects.

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