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Rabu, 27 Juli 2011

United Tractors (UNTR IJ) - Good operational result for June 2011 - CLSA

· Komatsu 6M11 sales volume is 4,333 units (+59% YoY). 6M11 came at 58% of FY11 guidance of 7,500 units.

· 6M11 Pama's coal production was 39.9mn tonnes, +6% YoY, 49% of our FY expectation of 82m tonnes.

· In June 2011, coal sales from PMM (formerly DEJ) and TTA was 0.29m and 0.13m tonnes respectively. Total 6M11 coal sales was 2.2m tonnes (+72% YoY), 49% of our FY11 expectation of 4.5mn tonnes. The increase in production came from both PMM and TTA.

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