UT books Rp 37.32t net revenue in 2010
Thursday, February 24 2011 - 09:29 AM WIB
The increase in net revenues was achieved due to sharp increase in heavy equipment sales and coal production, teh company said in a statement filed with the Jakarta Stock Exchange.
Its construction machinery business unit contributed 46.3 percent to the company?s consolidated revenues, and increased production of coal generated by mining contractor subsidiary PT Pamapersada Nusantara contributed 45.4 percent. The remaining 8.3 percent came from the mining business unit which is run by DEJ mines (Dasa Eka Jasatama) and PT Tuah Turangga Agung.
However, due to slight unfavorable impact of the strengthened rupiah, as well as swelled production costs in mining contracting business due to unusually heavy rainfall had caused the Company?s profit to grow less significant.
The company?s gross profit increased only 1.9 percent from Rp 6.67 trillion to Rp 6.80 trillion. Combined with some additional other expenses, the resulted net income was only slightly increased, from Rp 3.82 trillion to Rp 3.87 trillion.
In line with the trend of national economic growth, the construction machinery business unit recorded a momentous achievement in breaking a new record of Komatsu heavy equipment sales throughout the company?s history, soaring to a total of 5,404 unit, 74 percent over total sales in 2009 which amounted to 3,111 units.
The Company also managed to maintain its position as market leader in heavy equipment with 46 percent 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 61 percent, followed by plantation which contributed 19 percent, then construction and forestry sectors, respectively at 11 percent and 9 percent. Furthermore, revenue from spare parts sales and maintenance services showed a growth of 14 percent compared to the same period last year.
On the mining contracting business, despite constraints in the form of high rainfall, several precaution measures such as innovative approach in operation as well as productivity enhancement has made Pamapersada well set to increase volume in coal production by 15 percent and overburden removal by 9 percent, or from 68.0 million tons of coal and 597.9 million bcm overburden removal to 77.9 million tons and 651.5 million bcm in 2010.
In coal mining business, the company recorded an increase in coal sales volume from 2.40 million tonnes to 3.05 million tonnes.
On 12 November 2010, the company has distributed the interim dividend for 2010, in the total amount of Rp 532.3 billion, or Rp160 per share, while the final dividend will be proposed at the Company?s Annual General Meeting of Shareholders in April 2011. (kanti)