JAKARTA (Yosefardi) – PT United Tractors Tbk (UNTR), heavyequipment distributor, projects its revenue only grows by 5% to Rp52.88 trillion next year as this year, the revenue is expected to decline by 10% to Rp50.36 trillion from Rp55.95 trillion in 2012.
Mining contractor will contribute 50% of UNTR’s revenue in 2014, heavyequipment 40% and coal 10%. Sales of heavyequipment for mining sector is expected to decline, as well as coal sales.
In first nine months of this year, UNTR booked net profit of Rp1.39 trillion, declined 24% from Rp4.46 trillion in the same period of last year. Revenue fell 15% to Rp37.3 trillion from previous Rp44.14 trillion.
Its assets totaled Rp56.62 trillion while liability amounted Rp22.77 trillion. The company has cash and cash equivalent of Rp7.59 trillion.