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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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heavy equipment
Tuesday, April 22, 2014

United Tractors Distributes Rp 1.92 Trillion or Rp 515 per Share Cash Dividend for Financial Year 2013

JAKARTA: On Tuesday, 22 April 2014, United Tractors (“UT/ the Company”) conducted the Annual General Meeting of Shareholders (“AGMS”) at JW Marriott Hotel, Jakarta. The AGMS adopted the resolutions in brief as follows: Approved and accepted the Annual Report for the book year 2013, ratified of the Supervisory Report of Board of Commissioners, and ratified the  Financial Statement of the Company for the book year 2013, audited by the Public Accountant Firm of Tanudiredja, Wibisana & Partners (PricewaterhouseCoopers) as stated in their  report dated 21 February 2014, rendering the opinion of fairly stated in all material respects. Approved the utilization of profits of Rp4.83 trillion as follows: to be distributed

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heavy equipment
Thursday, February 27, 2014

United Tractors Achieved Consolidated Revenue of Rp 51.01 Trillion for 2013

PT United Tractors Tbk (“UT”) today announced the Company’s performance in 2013 which in general reflects the dynamics within the Company, wherein the performance of Construction Machinery and Mining business units were decreased, while the performance of Mining Contracting business unit recorded an increase. In 2013, UT’s consolidated revenue reported 9% down, from Rp 55.95 trillion in 2012 to Rp 51.01 trillion, while Company’s net profit declined by 16% to Rp 4.83 trillion from Rp 5.78 trillion. Construction Machinery Segment  Net revenue for Construction Machinery segment decreased by 29% to Rp 15.64 trillion and contributed 31% to the total consolidated revenue. Reduced demand for heavy equipment, particularly in mining and plantation

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heavy equipment
Wednesday, July 25, 2012

United Tractors Generated Rp 3.09 Trillion Net Income for the First Semester 2012

PT United Tractors Tbk (“the Company”) today announced that the Company’s performance during the first semester 2012  recorded  19% increase in the Company’s consolidated revenue,from Rp 25.62 trillion in the first half of 2011 to Rp 30.61 trillion. The increase in net revenues was contributed by the Construction Machinery (heavy equipment distribution) business unit that contributed 46.6% to the Company’s consolidated revenues, and by PT Pamapersada Nusantara (“Pama”), the Company’s subsidiary in mining contracting which contributed 41.9%, whereas the remaining 11.5% came from the mining business unit which is run by PT Prima Multi Mineral and PT Tuah Turangga Agung.

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