SI SOE portfolio outperform 7 other Pacific Islands countries

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BY MAVIS NISHIMURA PODOKOLO

SOLOMON Islands (SI) State Owned Enterprises (SOE) has been revealed to have outperformed seven other Pacific Island countries.

This was according to the Asian Development Banks SOE benchmarking study report balance prepared by Pacific Private Sector Development Initiative (PSDI).

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Mr Amila Salgado, head of Solomon Islands ADB unit, said the output was compared achieving an average Return on Assets of 6.7 percent and Return on Equity of 10 percent form 2010-2014.

“This has far higher than the 1.3% Return on Assets and 2.4% Return Equity of its much larger part by the strong performance of Solomon Power ,its largest SOE, this is still a remarkable achievement,” Salgado said.

 

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