JAKARTA (Yosefardi) – PT United Tractors Tbk (UNTR) had in April 24, 2014 bought medium term notes (MTN), series B, worth Rp250 billion, issued by PT surya Artha Nusantara Finance (SanF).
UNTR had in March 24, 2014 bought SanF’s MTN, series A, worth Rp250 billion. UNTR will buy series C and D of SanF’s MTN worth Rp500 billion.
Series A of MTN will mature in March 24, 2017, series B will mature in April 24, 2016, series C will mature in June 3, 2015, while series D is scheduled to mature in June 24, 2016. The MTN carries fixed interest rate of 6.5%.
PT Astra International Tbk (ASII) holds 59.5% stake in UNTR and controls 60% stake in SanF. Public investors own 40.5 UNTR shares and Marubeni Group owns 40% stake in SanF.
UNTR booked net profit of Rp1.55 trillion in first quarter of this year, grew by 38% from Rp1.12 trillion in the same period of last year.
Net sales increased 11.6% to Rp13.9 trillion from previous Rp12.45 trillion. Cost of revenue also rose 6.9% to Rp11.09 trillion.
Its assets totaled Rp57.95 trillion and liability amounted Rp21.19 trillion. The company has huge cash of Rp8.96 trillion.