PT United Tractors Tbk ( (PUTKF) ) has released its Q1 earnings. Here is a breakdown of the information PT United Tractors Tbk presented to its investors.
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PT United Tractors Tbk is an Indonesian company primarily engaged in the sales and rental of heavy equipment, mining contracting, and energy services. It operates in various sectors including construction machinery, mining, and energy, with a significant presence in Indonesia.
In its latest earnings report for the first quarter of 2025, PT United Tractors Tbk reported a net revenue of IDR 34.26 trillion, a slight increase from IDR 32.41 trillion in the same period last year. However, the company’s profit for the period saw a decline, registering IDR 3.30 trillion compared to IDR 4.80 trillion in the previous year.
The company’s financial performance was marked by a decrease in gross profit, which fell to IDR 7.07 trillion from IDR 8.19 trillion. This was accompanied by a reduction in earnings per share, which dropped from IDR 1,252 to IDR 878. Despite these challenges, the company maintained a strong cash position, with cash and cash equivalents rising to IDR 30.11 trillion from IDR 25.09 trillion at the end of 2024.
Looking ahead, PT United Tractors Tbk remains focused on its strategic initiatives to enhance operational efficiency and explore new growth opportunities in its core sectors. The management is optimistic about navigating the current economic challenges and is committed to delivering value to its shareholders.