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Thursday, February 26, 2015

United Tractors Recorded 2014 Net Income of Rp 5.37 Trillion

  PT United Tractors Tbk (“UT”) today reported the Company’s performance in 2014 that showed an increased in comparison to 2013.   The Company’s consolidated net revenue in 2014 recorded an increase by 4% to Rp53.14 trillion from Rp51.01 trillion in 2013. The favorable exchange rate serves as one major factor that generates positive impact, thus increasing the Company’s gross profit by 27%, while the Company’s net income increased 11% to Rp5.37 trillion from Rp4.83 trillion.   The continuing decrease of the coal price led the Company to assess its mining properties value and determine provision of impairment of this mining property. The provision charge to profit after tax attributable to owners of the parent was amounted to Rp1.54

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heavy equipment
Tuesday, February 10, 2015

The Inauguration of United Tractors Branch in Semarang, Central Java

SEMARANG – On Tuesday, February 10th, 2015, PT United Tractors Tbk (UT) officially changes the status of UT’s representative office in Semarang to become a branch office. The inauguration, which takes place at Raya Randu Garut Street Km 12, Tugu, Semarang, is attended by Governor of Central Java Province Ganjar Pranowo, UT’s Director Edhie Sarwono, UT’s Director Iman Nurwahyu, UT’s management team and business partners.   UT Semarang is the Company’s 20th branch office. The office building was established in 1982, and later on new building was build and officially inaugurated on June 9th, 1995 as the representative office. UT Semarang branch office covers all areas in Central Java that consist of 30 regencies and six cities. In addition,

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Thursday, January 15, 2015

UT Officially Acquires PT Acset Indonusa Tbk

JAKARTA: On Monday, January 5th 2015, UT through its subsidiary, PT Karya Supra Perkasa (“KSP”) has made a purchase of 200,000,000 shares, representing 40% of the total issued and fully paid shares in PT Acset Indonusa Tbk (“ACST”), from PT Cross Plus Indonesia (“CPI”)  and PT Loka Cipta Kreasi (“LCK”). Closing ceremony of the shares purchase was held in Astra International and signed by Tan Tiam Seng Ronnie CPI Director, Hilarius Arwandhi LCK Director, Gidion Hasan KSP President Director, and Jeffrey Chandrawijaya KSP Director. The acquisition process is a continuation of the Memorandum of Understanding ("MOU") which was signed on October 10, 2014 and Conditional Sale and Purchase of Shares Agreement ("CSPA") on December 18, 2014. Under the MOU and the CSPA, KSP plans to buy a minimum amount of 250.5 million ACST shares ("Majority Shares"). Furthermore, KSP

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heavy equipment
Thursday, July 24, 2014

United Tractors Achieved Net Income of Rp 3.28 Trillion for the First Semester 2014

PT United Tractors Tbk (“UT”) today announced the Company’s performance for the first half 2014 that showed an increased in comparison with the same period in 2013. The Company’s consolidated net revenue as of June 2014 recorded an increase by 11% to Rp27.53 trillion from Rp24.90 trillion on the corresponding period last year. The weakening Rupiah exchange rate against US Dollar serves as one major factor that generates positive impact, thus increasing the Company’s gross profit by 34%, while the Company’s net income increased 42% to Rp3.28 trillion from Rp2.31 trillion. Construction Machinery Segment  Net revenue for Construction Machinery segment decreased by 1% to Rp8.44, mainly due to the decline in

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heavy equipment
Thursday, June 26, 2014

Permata Quick Cash Express Provides Convenience in Spareparts Transaction Facility

“PQC Express provides various benefits for customers, including non-collateral loan of working capital up to Rp. 250 million with 30-45 days tenor, free administration and prevision fees and no requirement for bank current account.” There are many small and medium entrepreneurs who cannot fulfill market demand due to limited working capital. Thus, PT United Tractors Tbk in cooperated with PT Bank Permata Tbk offered Permata Quick Cash (PQC) Express, a non-collateral financial facility, to provide benefits for entrepreneurs in expanding the businesses. The non-collateral loan program is a very helpful financial facility in tackling people’s funding needs for various goals among others working capital, business development, educational fees, property renovation, purchasing electronic devices,

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