Luanda - The net profit of the 70 public sector companies that reported to IGAPE in 2023 is 908 billion kwanzas, representing a 45% increase in the equity of these institutions.
The public sector comprises 94 companies, of which 82 are eligible to report, but the aggregate report presented Wednesday contains data from 70 institutions only.
The document presented by the Chairwoman of the Board of Directors of the Institute for the Management of State Assets and Participation (IGAPE), Vera Escórcio, indicates that the companies' equity reached 13 trillion 117 billion kwanzas.
The financial indicators, in the period in question, indicate an increase in assets totaling 36 trillion 382 billion kwanzas, compared to 2022, growth is 35.1%.
The extractive industry is the sector that contributed most to achieving these results, with 58% (24.7 billion), followed by finance and insurance, trade, transport and storage, electricity, information and communication.
The data in the report indicates the ten largest contributors, led by Sonangol.
Next are BPC, Prodel, Unitel, Caminhos-de-Ferro de Benguela (CFB), Rede Nacional de Transporte (RNT), TAAG, ENDE, Banco de Desenvolvimento de Angola (BDA) and Sodiam.
As for the State's contribution, the amount is 6.5 billion kwanzas.
The manager stated that in the previous year (2022) the contribution was 2.2 billion, while in 2021 the amount was 1.8 billion kwanzas.
According to the report, the SEP had 82 active companies and a workforce of 54,932 employees in the 2023 financial year, a slight increase of 0.7 percent compared to 2022.
This growth is considered modest and reflects the stability of employment in the sector, as well as the commitment to the development of human capital, together with the application of best governance practices. Of the 94 public sector companies, 82 are active and five are paralyzed or in the process of being closed down, while another seven are not eligible to report.
From 2021 to 2023, the number of companies in this sector increased from 88 to 94.OPF/VCTED/DOJ
