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United Tractors (UNTR) Recorded 2,873 Units of Heavy Equipment Sales in Semester I-2022

Sat 30 Jul 2022, 14:34 PM



Sales of Komatsu heavy equipment owned by PT United Tractors Tbk ( UNTR ) increased. During the first six months of 2022, United Tractors recorded sales of 2,873 heavy equipment units. This figure is 111.09% higher than the realization of sales in the same period last year which was 1,361 units.

Based on the monthly operational report published Monday (25/7), Komatsu's market share as of June 2022 is 28%. Sales were still dominated by the mining sector, which reached 61% of total sales, followed by the construction sector at 18%. Furthermore, sales to the forestry sector accounted for 12% and the agribusiness sector by 9% of total sales. In June alone, UNTR sold 473 heavy equipment.

In Kontan's note, UNTR decided to raise Komatsu's heavy equipment sales target this year. This subsidiary of PT Astra International Tbk ( ASII ) has increased sales to 4,800 units from the previous 3,700 units.

In the mining contractor segment through its subsidiary, Pamapersada Nusantara, UNTR reported overburden removal (OB) production of 436.5 million bank cubic meters (bcm), up 6.65% from the same period last year of 409.6 million bcm.

However, the realization of UNTR's coal production fell 14.85% from 58 million tons to 50.4 million tons in January-June 2022. Then, in the gold segment, the company's gold sales through its subsidiary, Agincourt Resources, tend to stagnate. UNTR posted sales of 143,776 Gold Equivalent Ounces (GEOs) of gold during January-June 2022, a decrease of 18.17% from sales realization in the same period last year.



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