Feb 25, 2010

UNTR posts 45% jump in net profit

Heavy equipment distributor PT United Tractors Tbk (UNTR) posted 45% jump in 2009 net profit due to a tremendous profit of Indonesia largest coal mining contractor PT Pamapersada Nusantara.
UNTR booked Rp3.82 trillion in net profit last year compared to the same period in 2008 of Rp2.66 trillion.
Revenue of Komatsu heavy equipments slightly downed to Rp29.25 trillion as of 31 December 2009 from a year before of Rp27.90 trillion
Subsidiary of PT Astra International Tbk (ASII) improved its productivity and efficiency, which in return providing UNTR a 24% higher operating profit from Rp4.16 trillion to Rp5.17 trillion.
Pamapersada was the largest booster for United Tractor which counted 53% of its consolidated revenue. In contrast, UNTR's previous revenue main contributor for years, heavy equipment sales, fell and took 37%, and the remaining was made by coal mining producer PT Dasa Eka Jasatama.  Last year, United Tractors sold 3,111 unit of heavy equipments, a 28% drop compared to a year before.
Mining sector took a majority portion of heavy equipment sales of 55%, while plantations and construction provided 22% and 14% of contributions respectively, and the remaining was from forestry.
Pama coal production volume grew 15% and overburden removal  rose 35% from 59 millions ton and 441.9 bank cubic meter of overburden removal to 68 million tons of coal and 597.9 million bcm last year. Dasa Eka Jasatama coal output fell from 3.7 million tons in 2008 to 2.4 million tons last year.

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