Sep 26, 2011

Intraco seals US$25.3 mio order

Heavy equipment distributor PT Intraco Penta Tbk (INTA) obtained a US$25.3 million order on hand of heavy equipments during a mining expo from September 21 to September 23. 
Petrus Halim, Intraco Penta President Director, said the figure is consisting of US$20.5 million order of heavy equipments and  US$4.8 million financing of 28 unit heavy equipments.
"By end of August 2011, Intraco Penta recorded 985 units of sales, representing 76% of the year's target of 1,293 units," he said in a press statement yesterday.
Intraco's wholly owned subsidiary dubbed PT Intan Baruprana Finance (IBF) also sealed Rp75 billion loan facility from PT BNI Syariah.
IBF President Director Fred L. Manibog said the facility will be used by the company to support financing of heavy equipments.

Disclosure: No position at the stock mentioned above.

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