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UNTR scores Rp 1.8 trillion in first quarter net profit

28 April 2020 09:56

JAKARTA - In the first quarter of this year, PT United Tractors Tbk (UNTR) managed to book a net revenue of Rp 18.3 trillion. This figure decreased by 19% compared to the first quarter of 2019 amounting to Rp 22.6 trillion.

This decline was driven by the global economic slowdown and weakening coal prices, which impacted the domestic market and brought challenges to the company's business lines. Moreover, UNTR recorded losses on foreign exchange, which made the company's net profit fell by 40% to Rp 1.8 trillion from Rp 3.1 trillion in the same period previous year.

For information, each business segment, namely: Construction Machinery, Mining Contractors, Coal Mining, Gold Mining and Construction Industries respectively contributed 24%, 45%, 18%, 11% and 3% to total net consolidated revenue. (LM)

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