Feb 27, 2012

United Tractors FY11 overburden up 22%

PT United Tractors Tbk (UNTR) enabled to jack up overburden removal by 22% to 791.7 million bcm last year from 651.5 million bcm in 2010.
In line with the growth, coal production rose 11% to 86.8 million tons from 77.9 million tons. In the coal mining business, United Tractors produced 4.5 million tons of coal from 3.1 million tons.
The company sold 8,467 units of Komatsu's heavy equipments, a 57% jump from 5,404 units, sending a bigger market share to 49% from 46% in Indonesia.
The largest contributor to the equipment sales was the mining sector of 67%, plantation of 17%, construction and forestry of 10% and 6%.
United Tractors owns coal mining subsidiaries dubbed PT Prima Multi Mineral and PT Tuah Turangga Agung.

Disclosure: No position at the stock mentioned above.

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