JAKARTA -- The total profit of Indonesia's dozens of state-owned enterprises jumped 143% last year to 303.7 trillion rupiah ($20 billion), State Enterprise Minister Erick Thohir told lawmakers, led by banks making more money on their loan portfolios.
Companies
Indonesian state companies' profit jumps in 2022, led by banks
But builders, national airline face debt problems amid bleaker 2023 prospects
Combined profits at Indonesian state-owned companies, which include Garuda Indonesia and Bank Rakyat Indonesia, jumped last year. (Source photos by Reuters and AP)
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