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Wednesday, April 24, 2019

United Tractors Recorded Net Income of Rp 3.1 Trillion For First Quarter in 2019

PT United Tractors Tbk (“the Company”) concluded the first quarter of 2019 with consolidated net revenue of Rp22.6 trillion or increased by 19% from Rp19.0 trillion in the first quarter last year. In line with the increase in revenue, the Company’s net profit in the first quarter of 2019 increased by 21% to Rp3.1 trillion compared to Rp2.5 trillion in the first quarter of 2018. Increased in net profit mainly due to better performance of Mining Contracting business added with a new contribution from the gold mining business.    Overall, to the Company’s consolidated net revenue, Mining Contracting segment contributed 42%, followed by 30% from Construction Machinery, 16% from Coal Mining, 8% from Gold Mining and 4% from Construction

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heavy equipment
Tuesday, April 16, 2019

PT United Tractors Tbk Distributes Rp4.5 Trilion or Rp1,193 per Share Cash Dividend for Financial Year 2018

JAKARTA: On Tuesday, 16 April 2019, United Tractors (“UT/ the Company”) conducted the Annual General Meeting of Shareholders (“AGMS”) at United Tractors Grand Ballroom, Jakarta. The AGMS adopted the resolutions in brief as follows: 1.   Approved the Annual Report for the Financial Year 2018, including the ratification of the Supervisory Report of Board of Commissioners and ratification of the Consolidated Financial Statements of the Company and Subsidiaries for the Financial Year 2018 audited by the Public Accounting Firm of Tanudiredja, Wibisana, Rintis & Rekan, as stated in its report dated 25 February 2019, rendering fair opinion in all material respects.  2.   Approved the utilization of profits of Rp11.1 trillion as follows:

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heavy equipment
Wednesday, February 27, 2019

United Tractors Recorded Net Profit of Rp 11.1 Trillion for 2018

PT United Tractors Tbk (“the Company”) concluded the year of 2018 with consolidated net revenue of Rp84.6 trillion, or increased by 31% from Rp64.6 trillion in 2017, driven by improved operational performance improved in all business segment. Overall, to the Company’s consolidated net revenue, Mining Contracting segment contributed 48%, followed by 35% from Construction Machinery, 13% from Mining and 4% from Construction Industry. In line with the revenue, the Company’s net profit increased by 50% to Rp11.1 trillion compared to Rp7.4 trillion in 2017, mainly due to higher operational volumes and better profit margins. Construction Machinery Segment Construction Machinery recorded an increase in Komatsu sales volume by 29% from a total of 3,788 units in 2017 to 4,878 units.

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heavy equipment
Wednesday, February 13, 2019

Raih Norma GM Ketiga, selangkah lagi Novendra bersama UT menuju Grand Master

Melalui dukungan PT United Tractors Tbk, pecatur Indonesia Novendra Priasmoro telah meraih norma Grand Master ketiga dan mengumpulkan rating 2471 poin, atau 29 poin lagi menuju rating 2500 dan menjadi Grand Master.   Rabu, 13 Februari 2019 – Keikutsertaan Novendra Priasmoro, pecatur muda Indonesia, dalam turnamen catur First Saturday GM di Budapest, Hungaria, membawanya ke puncak juara setelah memenangkan partai terakhir melawan Fide Master (FM) Andras Orosz. Pertandingan antara Novendra melawan Orozs berlangsung sangat ketat dan saling menekan. Di tengah permainan dan langkah Novendra-Orozs yang semakin liar, Novendra mampu mencari langkah brilian yang membawanya pada kemenangan. Dengan kemenangan tersebut, Novendra meraih tujuh poin dan berhak mendapatkan norma Grand Master (GM) ketiga. Keikutsertaan Novendra dalam turnamen ini didukung PT United Tractors Tbk

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heavy equipment
Tuesday, December 04, 2018

United Tractors Expands Its Business Portfolio through Gold Mining Acquisition

In addition to its current portfolio business in heavy equipment, mining contracting, mining concession, construction industry and energy, PT United Tractors Tbk ("the Company") as one of the leading heavy equipment distributor in Indonesia, has successfully diversify its business through gold mine acquisition.   The Company through its wholly own subsidiary, PT Danusa Tambang Nusantara, on 4th December 2018 has completed the acquisition of 95% shares in PT Agincourt Resources, a mining company engaged in exploration, mining, and mineral processing of gold in North Sumatra, for approximately US$1.0 billion.   Upon completion of this transaction, PT Agincourt Resources is 95% owned by PT Danusa Tambang Nusantara, while the remaining 5%

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