Release: UT generated Rp 25.62 trillion net revenue for H1 2011
Friday, July 29 2011 - 04:25 AM WIB
The increase in net revenues was contributed by the heavy equipment distribution business unit that contributed 51.0% to the Company?s consolidated revenues, PT Pamapersada Nusantara (?Pama?), the Company?s subsidiary in mining contracting which contributed 38.3%, whereas the remaining 10.6% came from the mining business unit which is run by PT Prima Multi Mineral/ PPM (formerly called DEJ mines) and PT Tuah Turangga Agung.
The significant growth of net revenue was accompanied by growth of consolidated gross profit that grew 33% to reach Rp 4.44 trillion from Rp 3.34 trillion. Overall, combined with some additional other income, caused the Company?s net profit to reach Rp 2.54 trillion, or 34.6% above first half 2010?s profit of Rp 1.89 trillion.
The favorable economic condition and increased commodity price have driven the market of heavy equipment to continue growing. Until June 2011, Komatsu sales volume reached 4,333 units or up 59% compared the same period last year. Komatsu still succeeds to lead the domestic market with 51% market share (based on internal market research). Out of the total Komatsu sales volume, the largest portion of sales went to mining sector, namely by 68%, followed by plantation which contributed 16%, then construction and forestry sectors by 10% and 6%, respectively.
Furthermore, revenue from spare parts sales and maintenance services showed a growth of 14% to Rp 2.36 trillion from Rp 2.07 trillion.
On the mining contracting business, better weather conditions allowed Pama to achieve 6% increase in coal production and 16% in overburden removal or from 37.7 million tonnes of coal and 314.7 million bcm overburden removal to 39.9 million tonnes and 364.9 million bcm.
On coal mining business, the Company recorded an increase in coal sales volume from 1.28 million tonnes to 2.20 million tonnes.
On 13 June 2011, the Company has distributed the final dividend for the book year 2010, in total amount of Rp 1.0 trillion, or Rp 270 per share, while the interim dividend has been distributed on 12 November 2010 amounting to Rp 160 per share. (end of release)