PT United Tractors Tbk (UNTR) has achieved heavy equipment sales growth. Where the company reported sales of Komatsu brand heavy equipment as many as 5,457 units as of November 2022, growing 84.98% compared to the January-November 2021 period of 2,950 units.

Komatsu's sales in October 2022 amounted to 370 units, down from the realization of sales in October 2022 which reached 553 units. As in previous months, sales to the mining sector in November 2022 still dominated with a contribution of 63%.

Then followed by the construction sector 23%, agribusiness 10% and forestry 4%. Cumulatively from January to November 2022, sales to the mining sector reached 61%, construction 19%, agribusiness 9% and forestry 11%.

Komatsu's market share year to date as of November is at 28%. From the coal contractor segment, UNTR through Pamapersada Nusantara (PAMA) has produced 105.2 million tons throughout the 11-month period of 2022.

This realization is lower than the production from January to November 2021 which reached 107.3 million tons. UNTR coal sales through Tuah Turangga Agung in November 2022 reached 645,000 tons, down from October 2022 of 733,000 tons.

Throughout 2022 until November, UNTR's accumulated coal sales reached 9.15 million tons, up from the same period last year of 8.48 million tons. For gold commodities, UNTR reported Agincourt Resources sold 24,000 ounces of gold during November 2022. This volume is still the same compared to October 2022. During January-November 2022, total gold sales reached 263,492 GEOs, lower than last year's 307,327 GEOs.

The company recorded net revenue in the third quarter of 2022 of IDR 91.5 trillion. An increase of 58% compared to the same period last year of IDR 57.82 trillion. All business units contributed to this achievement.

To be precise, construction machinery is 30%, mining contractors are 36%, coal mining is 27%, gold mining is 6%, and the construction industry is 1% of the total consolidated net income. In detail, the coal mining business line rose 138% to IDR 24.36 trillion.

The construction machinery business line recorded a growth of 74% to Rp27.4 trillion. Furthermore, the mining contractor business line recorded revenue of IDR 33.2 trillion, or an increase of 37% from the same period last year. United Tractors recorded profit after tax or net profit of IDR 15.9 trillion, up 103% from the same period last year of IDR 7.8 trillion.

Net income per share rose 104% to Rp4,283 from the same period last year of Rp2,096. Total assets skyrocketed 25% to Rp140 trillion from the same edition in the year of Rp112 trillion. Total liabilities of IDR 56.39 trillion, a surplus of 38% from the same period last year of IDR 40.73 trillion.

Image source: United Tractors

Source: https://economy.okezone.com/read/2022/12/26/278/2734297/penjualan-alat-berat-united-tractors-untr-naik-84-98?page=2