United Tractors Generated Rp 37.32 Trillion Net Revenue for 2010
24 February 2010 – Jakarta
PT United Tractors Tbk (“the Company”) today announced that Company’s performance during the year 2010 recorded 27.6% increase in the Company’s consolidated revenue, from Rp 29.24 trillion in 2009 to Rp 37.32 trillion. The increase in net revenues was achieved due to sharp increase in heavy equipment sales contributed by Construction Machinery business unit that contributed 46.3% to the Company’s consolidated revenues, and increased production of coal generated by the subsidiary in mining contracting, PT Pamapersada Nusantara (“Pama”) which contributed 45.4%, whereas the remaining 8.3% came from the mining business unit which is run by DEJ mines (Dasa Eka Jasatama) and PT Tuah Turangga Agung.
PT United Tractors Tbk (“the Company”) today announced that Company’s performance during the year 2010 recorded 27.6% increase in the Company’s consolidated revenue, from Rp 29.24 trillion in 2009 to Rp 37.32 trillion. The increase in net revenues was achieved due to sharp increase in heavy equipment sales contributed by Construction Machinery business unit that contributed 46.3% to the Company’s consolidated revenues, and increased production of coal generated by the subsidiary in mining contracting, PT Pamapersada Nusantara (“Pama”) which contributed 45.4%, whereas the remaining 8.3% came from the mining business unit which is run by DEJ mines (Dasa Eka Jasatama) and PT Tuah Turangga Agung.
However, due to slight unfavorable impact of the strengthened Rupiah, as well as swelled production costs in mining contracting business due to unusually heavy rainfall had caused the Company’s profit to grow less significant. The Company’s gross profit increased only 1.9% from Rp 6.67 trillion to Rp 6.80 trillion. Combined with some additional other expenses, the resulted net income was only slightly increased, from Rp 3.82 trillion to Rp 3.87 trillion. In line with the trend of national economic growth, the Construction Machinery business unit recorded a momentous achievement in breaking a new record of Komatsu heavy equipment sales throughout the Company’s history, soaring to a total of 5,404 unit, 74% over total sales in 2009 which amounted to 3,111 units.
The Company also managed to maintain its position as market leader in heavy equipment with 46% market share (based on internal market research). Out of the total Komatsu sales volume, the largest portion of sales went to mining sector, namely by 61%, followed by plantation which contributed 19%, then construction and forestry sectors, respectively at 11% and 9%.
Furthermore, revenue from spare parts sales and maintenance services showed a growth of 14% compared to the same period last year. On the mining contracting business, despite constraints in the form of high rainfall, several precaution measures such as innovative approach in operation as well as productivity enhancement has made Pama well set to increase volume in coal production by 15% and overburden removal by 9%, or from 68.0 million tons of coal and 597.9 million bcm overburden removal to 77.9 million tons and 651.5 million bcm in 2010.
On coal mining business, the Company recorded an increase in coal sales volume from 2.40 million tons to 3.05 million tons. On 12 November 2010, the Company has distributed the interim dividend for 2010, in the total amount of Rp 532.3 billion, or Rp160 per share, while the final dividend will be proposed at the Company’s Annual General Meeting of Shareholders in April 2011.