United Tractors Posts Rp3.87 Trillion Profit in 2010 - The Indonesia Today

Heavy equipment distributor and mining company PT United Tractors Tbk (UNTR), a subsidiary of diversified company PT Astra International Tbk, posted net profit of Rp3.87 trillion in 2010, slightly increased from Rp3.82 trillion in 2009.
It recorded net earning per share (EPS) of Rp1,164, compared to Rp1,147 a previous year.

Revenue increased 28% to Rp37.32 trillion from Rp29.24 trillion in 2009 while cost of revenue also rose to Rp30.53 trillion from Rp22.57 trillion a year earlier.
The company said revenue growth was mainly boosted by the increase of heavy equipment sales volume and after-sale services of Construction Machinery unit, coal production increase and overburden removal of mining contracting unit and the increase of coal sales volume from mining unit.

Construction Machinery unit contributed 46.3% of UNTR's revenue, mining contracting unit contributed 45.4% and mining unit contributed 8.3%.

Operating expense increased to Rp1.63 trillion, then the company booked operating profit of Rp5.16 trillion, lower than Rp5.27 trillion in 2009.

The company paid income tax of Rp1.19 trillion in 2010, lower than Rp1.59 trillion a previous year.

As of December 2010, UNTR's assets totaled Rp29.7 trillion while liability amounted Rp13.54 trillion