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United Tractors Recorded Net Income of Rp 4.3 Trillion

United Tractors Recorded Net Income of Rp 10.4 Trillion

 

On 28 July 2022, United Tractors (UT/the Company) released its consolidated financial statements for the first half of 2022. As of 30 June 2022, the Company recorded net revenue of Rp60.4 trillion, increased by 62% compared to Rp37.3 trillion in the same period of 2021. In line with the increase in net revenue, the Company’s net profit was up by 129% to Rp10.4 trillion, from Rp4.5 trillion.

 

Heavy equipment sales under Construction Machinery segment recorded an increase in Komatsu sales volume by 111% to 2,873 units from 1,361 units. Sales of spare parts and maintenance services increased by 36% to Rp4.8 trillion. Overall, Construction Machinery segment recorded revenue of Rp17.4 trillion or increased by 86% year on year. Mining Contracting segment recorded 29% higher net revenue at Rp20.0 trillion, with 50 million tons of coal production and 437 million bcm of overburden removal. Coal Mining segment recorded lower coal sales volume at 5.8 million tons, with revenue increased by 149% to Rp18.7 trillion supported by the increase in average selling price. Gold Mining segment recorded revenue of Rp3.9 trillion or decreased by 10%, with gold sales volume achieved 144 thousand ounces. The last segment, Construction Industry, recorded revenue of Rp476 billion or down by 25%.

 

To the Company’s consolidated net revenue, Mining Contracting contributed 33%, followed by 31% from Coal Mining, 29% from Construction Machinery, 6% from Gold Mining, and 1% from Construction Industry.

 

Through its subsidiary, PT Energia Prima Nusantara, the Company has installed 6.9 MWp Rooftop Solar PV. In 2022, the Company targets an addition of 15 MWp new Rooftop Solar PV installation.

 

On 12 July 2022, the Company submitted a disclosure of information regarding Share Buyback with the maximum amount of Rp5 trillion. The Company Share Buyback will be carried out for a period of 3 months from 13 July to 12 October 2022.

Detail

2022
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2021
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2020
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2018
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