Apr 26, 2011

United Tractors 1Q coal sales up 34.4%

Coal sales volume of PT United Tractors Tbk (UNTR) in the first quarter of this year reached 1 million tons, a 34.4% increase from 744,000 tons a year earlier as its unit PT Tuah Turangga Agung could produce more coal.
In 1Q 2011, coal sales volume of Tuah Turangga with concession in Kapuas, Central Kalimantan, reached 271,000 tons, said United Tractors Corporate Secretary Sara K. Loebis as quoted by Indonesia Finance Today daily.
Coal and production of PT Dasa Eka Jasatama, another subsidiary of UNTR, reached 731,000 tons, a slight decrease of 1.7% from  744,000 tons. "Production of Dasa Eka slightly lowered as heavy rainfall," said Sara.

Disclosure: No position at the stock mentioned above.

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