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United Tractors Recorded Net Income of Rp1.9 Trillion

On 21 April 2021, United Tractors (UT/the Company) has released its consolidated financial statements for the first quarter 2021. As of March 2021, the Company recorded net revenue of Rp17.9 trillion, a decrease of 2% compared to Rp18.3 trillion in the same period 2020. However, lower selling expenses combined with reduced finance cost and other expenses have led to an increase in Company’s net profit, which was recorded at Rp1.9 trillion, up 2% from Rp1.8 trillion.

Heavy equipment sales under Construction Machinery segment recorded an increase in Komatsu sales volume by 12% to 688 units from 617 units. Sales of spare parts and maintenance services decreased by 7% to Rp1.6 trillion. Overall, Construction Machinery segment recorded revenue of Rp4.3 trillion or flat year on year. Mining Contracting segment recorded 15% lower net revenue at Rp7.0 trillion, with 26.9 million tons of coal production and 191.0 million bcm of overburden removal. Coal Mining segment recorded higher coal sales volume at 3.7 million tons, with net revenue increased by 18% to Rp4.0 trillion. Gold Mining segment recorded revenue of Rp2.2 trillion, with gold sales volume achieved 95 thousand ounces. The last segment, Construction Industry, recorded net revenue of Rp380 billion or down 20%.

To the Company’s consolidated net revenue, Mining Contracting segment contributed 39%, followed by 24% from Construction Machinery, 22% from Coal Mining, 13% from Gold Mining and 2% from Construction Industry.

As of March 2021, construction progress of 2×1,000 MW coal fired power plant by Bhumi Jati Power, which is 25%-owned by the Company, has reached 98%

Detail

2021
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2020
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2019
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2018
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2017
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2015
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2006
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2003
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2002
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2001
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