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Peruri affirms its financials are healthy
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State-owned securities paper and bill printing company Peruri office in Jakarta is pictured in this undated photo. (Courtesy of Peruri/-)
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tate-owned securities paper and bill printing company Peruri has said it is in good financial condition after an error in The Jakarta Post suggested the contrary.
“Audit results from the public accounting office for our 2019 financial results show that Peruri is a very healthy state-owned enterprise [financially] with AAA ratings,” Peruri finance director Winarsih Budiriani said in a statement to the Post on Friday.
Last year, the company reported 21.53 percent year-on-year (yoy) growth in revenue to Rp 3.9 trillion (US$ 261.9 million).
Peruri also saw its profit surge to Rp 725.31 billion in 2019, an increase of 152.25 percent compared to the previous year.
The statement served as a response to an article published in the Post on Friday titled “SOEs scramble to pay debts in time”.
In the article, the Post mistakenly said Peruri had missed interest payments on its medium-term notes (MTN). It was, in fact, Perum Percetakan Negara Republik Indonesia (PNRI) that failed to make the payments.
Peruri’s business includes printing rupiah bills, passports, immigration documents, excise tape, duty stamps, land certificates and other securities documents. Its digital securities service is currently gaining traction.
PNRI is responsible for the country’s printing industry, including publishing, multimedia and business development, according to its website. The company prints government documents and information, including regulatory documents and voting ballots. It also prints and publishes materials for state-owned enterprises and private entities.
