State-owned Permodalan Nasional Madani (PNM) booked net profit of Rp977.3 billion in 2019, compared to Rp67.8 billion only in 2018, as revenues jumped 87.5% to Rp4.92 trillion from previous Rp3.14 trillion. The Company booked other income of Rp1 trillion, compared to Rp98.7 billion in 2018. While operating expenses grew 50% to Rp3.27 trillion from earlier Rp2.18 trillion. PNM’s assets reached Rp25.92 trillion while liability amounted Rp23.06 trillion. It has cash and cash equivalent of Rp3.04 trillion.