UNTR - PT. United Tractors Tbk

Rp 25.250

+450 (+1,78%)

JAKARTA. The increased coal price makes way for 58% revenue growth of PT United Tractors Tbk (UNTR) as of September 2022, even allowing its net profit to surge by 103% year-on-year (yoy).

Based on the financial report in September 2022, UNTR, Astra Group’s heavy equipment distributor, scored net revenue of IDR 91.5 trillion. It was 58% higher than IDR 57.82 trillion seen in Q3 2021. The construction machine contributed 30% to the consolidated net revenue, followed by the mining contractor service of 36%, coal mines of 27%, gold mines of 6%, and the construction industry of 1%.

As the revenue grew, its costs of revenue also swelled from IDR 44.3 trillion to IDR 66.25 trillion in Q3 2022 (yoy). However, UNTR’s gross profit still managed to proliferate 87% yoy from IDR 13.52 trillion to IDR 25.27 trillion in September 2022.

All in all, the efficiency initiated by UNTR successfully reduced several expenses and boosted its net profit by 103%, arriving at IDR 15.9 trillion at the end of September 2022 from IDR 7.8 trillion in Q3 2021. (AM/ZH)