Aug 23, 2010

United Tractors July sales jumps 87%

Publicly listed heavy equipment Komatsu distributor PT United Tractors Tbk (UNTR), PT Astra International Tbk’s subsidiary, posts 3,200 units of heavy equipment sales volume as of July this year.
UNTR Corporate Secretary Sara K Loebis said that heavy equipment sales has touched 3,200 units up to July 2010.
“It significantly rose 87.13% compared to the same period last eyar that only reached 1,710 units,” she said.
Sara further confided that such achievement was mainly propelled by the rise of commodity price.
“The improved economic condition has encouraged the company to allocate credit for heavy equipment,” she said.
Although it has booked such a high sale figure, the company does not want to revise its sale target this year.
“Ever since there will be Christmas and Ied el Fitr. So we still use our old target,” she affirmed.
UNTR targets its sales volume to reach 5,000 units during this year, meaning it only needs to sell 1,800 units more. 

Disclosure: No position at the stock mentioned above.

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