United Tractors (UNTR) booked net profit of Rp9.07 trillion in first nine months (9M) of 2018, jumped 61% from Rp5.64 trillion in the corresponding period of 2017. Revenues rose 32% to Rp61 trillion year on year (y/y) and operating profit surged 55% to Rp12.34 trillion y/y.
Revenues from heavy equipment segment reached Rp27.72 trillion and services segment contributed Rp33.4 trillion. Cost of goods sold also rose 28% to Rp46 trillion. UNTR used net cash of Rp8.84 trillion on investment, higher than Rp7.18 trillion invested in the same period last year. Its cash and cash equivalent reached Rp28.61 trillion per September 2018.