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

by | Jul 24, 2014 | Uncategorized

Thursday, July 24, 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 Komatsu sales volume by 10% to 2,207 units from 2,452 units. Meanwhile, revenue of spare parts and maintenance increased by 15% to Rp 2.88 trillion.

The decline of heavy equipment sales was mainly due to reduced demand from mining and plantation sectors. Out of the total Komatsu sales volume, as much as 36% went to mining sector, 28% to construction sector, 22% to plantation sector, and the remaining 14% to the forestry sector. In the midst of tight competition, Komatsu managed to maintain its position as market leader in the local heavy equipment market by recording 40% market share (source: internal market research). Among complementary products, the sales volume of UD trucks decreased from 287 units to 94 units, while Scania trucks also decreased from 263 units to 242 units.

Mining Contracting Segment
PT Pamapersada Nusantara (Pama), the Company’s subsidiary in Mining Contracting recorded a 12% increase in net revenue amounted to Rp16.20 trillion and contributed 59% to the total consolidated revenue, with an increased coal production volume from 50.1 million tons to 59.9 million tons while overburden removal was down from 415.6 million bcm to 401.3 million bcm.

Mining Segment
The Company’s Mining business segment was operated by PT Prima Multi Mineral, PT Tuah Turangga Agung, as well as two new mining concessions, PT Asmin Bara Bronang and PT Duta Nurcahya. From these four mining concessions, coal sales volume reached 3.43 million tons, or rose by 51%. In line with higher coal sales volume, Mining business segment recorded a 46% increase in revenue to Rp2.89 trillion and accounted for 10% of total consolidated revenue.

For further information, please contact the following:

Vice President Director
: Gidion Hasan

Corporate Secretary
: Sara Loebis

Email
: ir@unitedtractors.com

Address
: Jl. Raya Bekasi Km.22 Cakung, Jakarta Timur 1310

Phone
: (62-21) 24579999, Fax: (62-21) 4600655

Permata Quick Cash Express Provides Convenience in Spareparts Transaction Facility

by | Jun 26, 2014 | Press Release

Thursday, June 26, 2014

“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, leisure and many more.

Based on the facts above, United Tractors offered solution for customers in running and even expanding the businesses by working with one of renowned banks in Indonesia, PermataBank. United Tractors and PermataBank provide Permata Quick Cash (PQC) Express, a non-collateral financial 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 provision fees and no requirement for bank current account.

The program also offers a lot of promotion such as 30% discount for each spare part purchase and minimum payment facility at 10% of total transaction in all United Tractors’ outlet branches, sites and representatives in Indonesia. The payment may be delivered by ATM, mobile banking and internet banking in all banks in Indonesia.

For further information regarding the program, please contact our 24 hours UT Call customer service at 500-072, anytime and anywhere.

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

by | Apr 22, 2014 | Press Release, Press Release, Press Release

Tuesday, April 22, 2014

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:

  1. 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.
  2. Approved the utilization of profits of Rp4.83 trillion as follows:
    • to be distributed as a cash dividend in the amount of Rp1.92 trilion or Rp515,- per share (including the interim dividend in the amount of Rp175,- per share), or more and less 40% of the Company’s net profit. The interim dividend has been paid on 23 October 2013, and the remaining amount of Rp340,- per share will be paid on 5 June 2014.
    • the remaining amount shall be recorded as retained earnings.
  3. Approved the determination of salary and/ or allowances to the members of the Board of Directors of the Company and honorarium and/ or allowances to the members of the Board of Commissioners for the year 2014-2015.
  4. Authorized the Board of Directors of the Company by taking into consideration the suggestion of the Board of Commissioners of the Company to appoint a public accountant firm in Indonesia, affiliated with one of the big four of international public accountants and registered in the Registry of Otoritas Jasa Keuangan provided for such purpose, to audit the consolidated Financial Statement of the Company for the book year ending as at 31 December 2014.

For further information, please contact the following:

Vice President Director
: Gidion Hasan

Corporate Secretary
: Sara Loebis

Email
: ir@unitedtractors.com

Address
: Jl. Raya Bekasi Km.22 Cakung, Jakarta Timur 1310

Phone
: (62-21) 24579999, Fax: (62-21) 4600655

United Tractors Achieved Consolidated Revenue of Rp 51.01 Trillion for 2013

by | Feb 27, 2014 | Uncategorized

Thursday, February 27, 2014

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 sectors as the result of decreased activity in those sectors, drove a negative impact on Komatsu sales volume during the year 2013, which fell by 32%, from 6,202 units in 2012 to 4,203 units.

Out of the total Komatsu sales volume, as much as 43% went to mining sector, 26% to construction sector, 23% to plantation sector, and the remaining 8% to the forestry sector. In the midst of tight competition, Komatsu maintained its position as market leader with a market share of 41% (source: internal market research).

In line with weaker demand for heavy equipment, revenue of spare parts and maintenance services was down to Rp 5.52 trillion, a fall of 6%. Sales of other products, such as UD Trucks were decreased from 414 units to 365 units, while sales volume of Scania trucks were increased from 363 units to 445 units.

Mining Contracting Segment
PT Pamapersada Nusantara (Pama), the Company’s subsidiary in Mining Contracting recorded a 13% increase in net revenue amounted to Rp 31.55 trillion and contributed 62% to the total consolidated revenue, with an increased coal production volume from 94.4 million tons to 105.1 million tons while overburden removal was down from 855.5 million bcm to 844.9 million bcm.

Mining Segment
The Company’s Mining business segment was operated by PT Prima Multi Mineral, PT Tuah Turangga Agung, as well as several new mining concessions such as PT Asmin Bara Bronang, and PT Duta Nurcahya that have started commercial production since fourth quarter 2013. From these four mining concessions, coal sales volume reached 4.18 million tons, down by 26% from a volume of 5.63 million tons. Due to lower average selling price of coal, Mining business segment recorded a drop in revenue by 34% to Rp 3.81 trillion and accounted for 7% of total consolidated revenue.