United's profit up 27%

United's profit up 27%

JAKARTA (JP): Heavy equipment supplier PT United Tractor
reported an estimated net profit of Rp 74.6 billion (US$31.6
million) last year, up 27 percent from Rp 58.5 billion in 1995.

Frans Santoso, a director at United Tractors, said here
Tuesday that the company projected a 23.7 percent increase in net
profit this year to Rp 92.3 billion.

The company's total revenues were estimated to reach Rp 1.97
trillion last year and Rp 2.56 trillion this year, up from Rp 1.6
trillion in 1995.

Frans said the main proponent of growth was mining contracting
and mining division which grew by 38 percent in the last two
years.

Its construction machineries grew by 27 percent, and material
handling grew by 7 percent in the past two years. Average growth
in the past four years was recorded at 35 percent.

As of September, Komatsu material handling still contributed
47 percent of the total revenues or Rp 464 billion, part and
services 23 percent Rp 232 billion, Nissan truck 10 percent Rp
104 billion and others Rp 198 billion. (rid)