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Monday, February 27, 2017

United Tractors Recorded Consolidated Net Revenue of Rp 45.5 Trillion for 2016

PT United Tractors Tbk (“the Company”) today announced its consolidated financial statements for the financial year 2016. In the report, the Company recorded consolidated net revenue during 2016  decreased by 8% to Rp45.5 trillion compared to Rp49.3 trillion in 2015. The decrease was mainly driven by lower production volume and revenue from Mining Contracting business unit. Contribution in total revenue per business segment was mostly from Mining Contracting segment, that is 53%, followed by 32% from Construction Machinery, 11% from Mining, and 4% from Construction Industry.   Meanwhile, the Company recorded net income of Rp5.0 trillion in 2016, up 30% compared to Rp3.9 trillion in 2015 due to the absence of impairment loss on the carrying value of its
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heavy equipment
Friday, August 26, 2016

Bonded Logistics Centers to Facilitate Customer

Business competition is every day’s reality not only among individuals or corporations but also among countries. The business competition should be addressed with hard work and efficient system. Bearing this in mind, the government of Indonesia has initiated to build the Bonded Logistics Centers (Pusat Logistik Berikat / PLB) serving as multi-function logistics warehouse for import and local goods by withholding the import duty and exempting value the added tax (PPN) and enabling operational flexibility. President of the Republic of Indonesia Joko Widodo officially opened the PLB in March 2016. The legal basis for construction of the PLB is the Government Regulation (PP) No. 85 year 2015 on the amendment of the PP No. 32 year 2009 on the
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heavy equipment
Thursday, July 28, 2016

United Tractors Recorded Consolidated Net Revenue of Rp 22.6 Trillion for the First Half of 2016

  PT United Tractors Tbk (“the Company”) today announced its consolidated financial statements for the the first half of 2016. In the report, the Company recorded consolidated net revenue decreased by 10% to Rp22.6 trillion compared to Rp24.9 trillion in the same period in 2015. Declining sales and profit margin, added with foreign exchange loss, resulted in lower Company’s net profit which was recorded at Rp1.9 trillion, down 46% from Rp3.4 trillion.   Construction Machinery Segment Construction Machinery segment until June 2016 recorded a drop in Komatsu sales volume by 25% to 1,036 units from 1,375 units in the same period in 2015. The decrease in sales of heavy equipment occured in all sectors, except in construction sector
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heavy equipment
Monday, April 25, 2016

The AGMS of PT United Tractors Tbk Set Dividend and Appointed New Members of the Board of Commisioners and Board of Directors of the Company

JAKARTA: On Monday, 25 April 2016, United Tractors (“UT/ the Company”) has conducted the Annual General Meeting of Shareholders (“AGMS”) at the United Tractors Grand Ballroom, Jakarta. The AGMS adopted the resolutions in brief as follows: Approved the Company's Annual Report for the book year 2015, ratified of the Supervisory Report of the Board of Commissioners, and ratified the Financial Statements of the Company for the book year 2015, audited by Public Accounting Firm Tanudiredja, Wibisana, Rintis & Partners (member of the PricewaterhouseCoopers global network ), as stated in their report dated 20 February 2016, rendering the opinion of fairly stated in all material respects. Approved the utilization of profits of Rp3.9 trillion as follows: to be
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heavy equipment
Thursday, February 25, 2016

United Tractors Recorded Consolidated Net Revenue of Rp 49.3 Trillion for 2015

PT United Tractors Tbk (“the Company”) today announced its consolidated financial statements for the financial year 2015. In the report, the Company recorded consolidated net revenue during 2015  decreased by 7% to Rp49.3 trillion compared to Rp53.1 trillion in 2014. The continuance decrease of coal price has led the Company to assess the carrying value of its coal mining properties and other related assets. The net impact of the impairment loss charged to profit after tax was Rp2.6 trillion (2014: Rp1.5 trillion). These factors have led to a decrease in Company’s net profit, which was recorded at Rp3.9 trillion, down 28% from Rp5.4 trillion in 2014. Excluding the impact of  impairment loss recorded in relation to coal mining properties
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