March 21 (SeeNews) - The Slovenian Sovereign Holding (SSH), the company representing the state's ownership interest in more than 50 companies, targets a net profit of 54.2 million euro ($58.4 million) in 2023, it said.
The SSH supervisory board approved the company's business plan for 2023, which envisages operating revenues of 36.26 million euro, the holding said in a statement last week.
No information about SSH's financial performance in 2022 was provided.
The business plan includes the management of receivables and property assets that were transferred to SSH after the merger of the country's ‘bad bank’, the Bank Assets Management Company (BAMC), at the end of 2022, but due to the uncertain economic conditions, the planned income from dividends, real estate and receivables is expected to be lower than that achieved in 2022, the holding company noted.
In February, SSH said it expects the return on equity (ROE) of its assets portfolio to rise to 7.3% in 2023, from 5.0% projected for last year.
($ = 0.9287 euro)