28 October 2021 – Jakarta

Today PT United Tractors Tbk (“the Company”) has released its consolidated financial statements for the third quarter of 2021. The Company recorded consolidated revenue of Rp57.8 trillion, increased by 24% from Rp46.5 trillion in the same period of 2020. In line with the increase in net revenue, the Company’s net profit was up by 46% to Rp7.8 trillion compared to Rp5.3 trillion in 2020.

Overall, to the Company’s consolidated net revenue, Mining Contracting segment contributed 42%, followed by 27% from Construction Machinery, 18% from Coal Mining, 11% from Gold Mining and 2% from Construction Industry.






Rp jutaan

Rp jutaan


Net Revenue




Gross Profit




Net Profit*




Earnings per Share




*Profit after tax attributable to owners of the parent

Construction Machinery Segment

Construction Machinery segment recorded an increase in Komatsu sales volume by 84% to 2,194 units from 1,191 units in the same period last year. Revenue of spare parts and maintenance services also increased by 18% to Rp5.6 trillion. Based on internal market research, Komatsu market share was 21%.

Sales volume of UD Trucks increased from 154 units to 340 units, as well as Scania products from 129 units to 471 units. In total, Construction Machinery segment recorded an increase in revenue by 54% to Rp15.8 trillion compared to Rp10.3 trillion in the same period of 2020.

Mining Contracting Segment

The Company operates its Mining Contracting segment through PT Pamapersada Nusantara (PAMA). As of September 2021, Mining Contracting recorded net revenue of Rp24.2 trillion, up by 9% from Rp22.1 trillion in the same period of 2020. PAMA recorded 2% increase in coal production volume from 85.3 million tons to 87.3 million tons and slightly lower of overburden removal volume from 632.4 million bcm to 630.0 million bcm.

Coal Mining Segment

The Company’s coal mine segment was operated by PT Tuah Turangga Agung (TTA). As of September 2021, TTA recorded total coal sales volume of 7.7 million tons including 1.9 million tons of metallurgical coal, up by 8% compared to 7.1 million tons in the same period of 2020. In line with the increase in sales volume and average selling price, Coal Mining segment recorded a 36% increase in net revenue to Rp10.3 trillion.

Gold Mining Segment

The Company’s gold mine segment was operated by PT Agincourt Resources (PTAR). PT Agincourt Resources operates Martabe gold mine located in South Tapanuli, North Sumatra. Until September 2021, the total sales volume of gold equivalent from Martabe was recorded at 258,000 ounces, up by 1% compared to 256,000 ounces in the same period of 2020. In line with the increase in sales volume and average gold selling price, net revenue was up 17% from Rp5.5 trillion to Rp6.5 trillion.

Construction Industry Segment

The Construction Industry segment was represented by PT Acset Indonusa Tbk (ACSET). As of September 2021, Construction Industry reported net revenue of Rp1.1 trillion compared to Rp958 billion in the same period of 2020. ACSET recorded a net loss of Rp386 billion, decreased compared to net loss in the same period last year of Rp753 billion. The net loss was mainly due to the slowdown of several ongoing projects and reduced construction project opportunities during the pandemic.

In August 2021, ACSET raised Rp1.5 trillion from a new equity issue, to reduce debt and to strengthen its capital structure. Following the new equity issue, the Company’s ownership in ACSET increased from 64.8% to 82.2%.

Energy Segment

In line with the Company’s business development strategy in environmentally friendly energy sector, the Company has determined renewable energy business as one of its transition strategies. Through its subsidiary, PT Energia Prima Nusantara (EPN), the Company has installed 1.2 MWp Rooftop Solar PV technology in the Company’s and Astra’s group facilities. Until the end of 2022, the Company targets an addition of 10 MWp new installations and more in the following year.

The Company is conducting study on the development of several hydro power plants. The potential projects are in Sumatra and Sulawesi area, each capacity above 10MW. For smaller capacity projects, the Company has built two Mini Hydro Power Plants namely PLTMH Kalipelus 0.5 MW in Central Java and PLTM Besai Kemu in Lampung, Sumatra. PLTM Besai Kemu 7 MW is currently under construction and expected to operate by the end of 2022. In addition, the Company also targets several PLTM projects with total potential of more than 18MW in Sumatra area.

At the same time, the Company actively conducts studies, reviews, and MoU to develop other types of renewable energy such as Floating Solar PV, Wind Power Generation, Hybrid Solar PV, Battery Storage, and Waste to Energy.

For further information, please contact the following:

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