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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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heavy equipment
Tuesday, October 13, 2015

43 Years of United Tractors, Unyielding Determination!

On 13th of October at The Grand Ballroom UT-HO, United Tractors celebrated its 43rd anniversary. The anniversary celebration also marked as the closing event of UT’s Value Innovation Championship 2015. The event was attended by UT’s Board of Commissioners, Board of Directors, and the company’s founding fathers.  Highlights of the event was the announcement of Anugrah Adibrata 2015 winners.   With the theme ‘’Unyielding Determination!’’ the celebratory event emphasized the importance of positive thinking. President Director of United Tractors Gidion Hasan said ‘’UT’s 43rd anniversary is a momentum for us to strive and be persistent in facing business challenges.”  He also said in his speech that everyone needs to implement this in their everyday behaviour in order to anticipate

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heavy equipment
Thursday, July 30, 2015

United Tractors Achieved Net Income of Rp 3.41 Trillion for the First Semester 2015

  PT United Tractors Tbk (“UT”) today reported the Company’s operational performance for the first half 2015 that showed a decrease, while financial performance was slightly increased.   The Company's consolidated net revenue as of June 2015 recorded a decrease by 9% to Rp24.95 trillion compared to Rp27.53 trillion in the first half 2014. However, the favourable US Dollar exchange rate had helped to slightly improve the Company’s net profit, which was recorded at Rp3.41 trillion, a 4% increase compared to the corresponding period last year.   Construction Machinery Segment   Construction Machinery segment recorded a decrease in Komatsu sales volume by 38% to 1,375 units from 2,207 units. The decrease remains due to the ongoing subdued market conditions and

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