Laporan Keuangan Perusahaan Jasa Kontraktor

United Tractors (UT/the Company) today released its consolidated financial statements for full year 2018. UT concluded the year 2018 with consolidated net revenue of Rp84.6 trillion, or increased by 31% from Rp64.6 trillion in 2017. Better operational performances and profit margin resulted in the Company’s net profit increased by 50% to Rp11.1 trillion compared to Rp7.4 trillion in 2017.

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In 2018, earning per share (basic and diluted) of UNTR stood at Rp2,983 up from Rp1,985 in 2017. Heavy Equipment sales under the Construction Machinery segment recorded an increase of 29% in Komatsu sales volume to 4,878 units from 3,788 units. Sales of spare parts and maintenance services increased by 32% to Rp9.4 trillion. The overall Construction Machinery business revenues grew 20% to Rp29.6 trillion.

Mining Contracting business segment posted 37% increase in net revenue to Rp40.6 trillion, with 125.1 million tons of coal production and 979.4 million bcm of overburden removal. Mining business segment recorded increased coal sales volume by 11% to 7.0 million tons, and net revenue increased by 49% to Rp10.7 trillion due to higher average coal selling price. The fourth segment, Construction Industry, recorded 23% net revenue growth to Rp3.7 trillion with new contract value of Rp1.6 trillion. Overall to the Company’s consolidated net revenue, Mining Contracting segment contributed 48%, followed by 35% from Construction Machinery, 13% from Mining, and 4% from Construction Industry.

On 4th December 2018, the Company through its subsidiary PT Danusa Tambang Nusantara has completed the acquisition of 95% ownership of PT Agincourt Resources (AR). AR operates Martabe Gold Mine located in South Tapanuli, North Sumatra. In December 2018, the consolidated gold sales from Martabe was around 35 thousand ounces of gold. Bhumi Jati Power, 25%-owned by the Company is in the process of constructing 2x1,000 MW coal fired power plant in Jepara, Central Java. Until December 2018, the progress of construction has reached 55%, and scheduled to start commercial operation in 2021.

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