Indonesia`s Utd Tractors sees big fall in heavy equipment sales
Jakarta (ANTARA News/Asia Pulse) -- Heavy equipment sales by PT United Tractors (JSX:UNTR) totaled only 439 units in February down 48.83 per cent from the same period last year.
Declines were recorded in sales to all sectors including agribusiness, construction, mining and forestry sectors, Ari Setiyawan, a spokesman of the publicly traded heavy equipment company said.
The decline has been expected and the sales were not below target, Setiyawan told the newspaper Investor Daily.
The sharpest fall in the sales of its Komatsu heavy equipment was recorded in the forestry sector, he said, adding sales to the forestry sector fell 96.03 per cent.
Declines were recorded in sales to all sectors including agribusiness, construction, mining and forestry sectors, Ari Setiyawan, a spokesman of the publicly traded heavy equipment company said.
The decline has been expected and the sales were not below target, Setiyawan told the newspaper Investor Daily.
The sharpest fall in the sales of its Komatsu heavy equipment was recorded in the forestry sector, he said, adding sales to the forestry sector fell 96.03 per cent.