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Wednesday, 15 August 12
UT GENERATED RP 3.09 TRILLION NET INCOME
 COALspot.com - As of June 2012 Indonesia’s heavy equipment market grew 14%, from 8,448 units to 9,618 units (based on UT’s internal market research).
All sectors showed positive growth except for the mining sector. The slowdown in mining sector was the result of downward trend of coal price and implementation of mineral (non-coal) export taxes. The condition is further exacerbated by increasing competition as the impact of slowdown demand in China that drove reallocation of heavy equipment supply to other countries, including Indonesia market. This is reflected in Komatsu sales volume which was down to 4,231 units or 2% below the volume in first half 2011, PT United Tractor Tbk said in its Investor Bulletin.
UT further said in its report, on the Mining Contracting business, commitment to precise execution of mining contracting services drove Pama to deliver 12% increase in coal production and 13% growth in overburden removal. On coal mining business, the Company increased the coal sales volume by 38% from 2.21 million tons to 3.05 million tons.
UT’s performance during first semester 2012 recorded 19% increase in consolidated revenue, from Rp 25.62 trillion (approximately US$ 2,694,570,000) in the first half of 2011 to Rp 30.61 trillion (approximately US$ 3,219,390,000). To this total net revenue, Construction Machinery contributed 46.6%, Mining Contracting contributed 41.9%, whereas the remaining 11.5% contribution was from Mining business unit.
The growth of net revenue was accompanied by growth of consolidated gross profit of 25%, reaching Rp 5.53 trillion (approximately US$ 581,615,000) from Rp 4.44 trillion (approximately $ 466,975,000). This rise is primarily obtained from increased gross profit contribution from Construction Machinery and Mining Contracting segment, while gross profit from Mining business was decreased due to lowered average selling price of coal. Overall, combined with some additional other expenses and income tax, caused the Company’s net profit to reach Rp 3.09 trillion (approximately US$ 324,989,000), or 22% above first half 2011’s profit of Rp 2.54 trillion (approximately US$ 267,143,000).
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Thursday, 13 September 12
PANAMAX: THE NEGATIVE TREND, POOR SENTIMENT CONTINUES - FEARNLEYS AS
Handy
Lack of cargoes and a growing list of available ships is causing rates to slip for all Atlantic trades.
The only trade keeping somewhat s ...
Thursday, 13 September 12
FUEL EFFICIENT SHIPS MAY BE MORE EXPENSIVE, BUT THEY MAKE FINANCIAL SENSE SAYS ANALYSIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest trend in shipbuilding is the so called "Eco" ship, i.e. ships which offer much better fuel consumption and are more cost-effect ...
Wednesday, 12 September 12
INDIAS COALGATE: TIME FOR A ROOT CANAL
A recent report from India’s Comptroller and Auditor General (CAG) pertaining to the allocation of coal blocks has created a political storm i ...
Tuesday, 11 September 12
CLOUDY AND POLICY RISK INDONESIAN COAL INDUSTRY
COALspot.com - Bahana Securities in its latest coal outlook, commented on the Indonesian coal market, with economic slowdown in the four largest coa ...
Tuesday, 11 September 12
SHIP OWNERS KEEN ON SECOND HAND VESSEL PURCHASES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With most ship owners back from their summer rest, things are starting to pick up again in the second hand vessel market, with more and more deals b ...
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- Madhucon Powers Ltd - India
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- Ceylon Electricity Board - Sri Lanka
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- Salva Resources Pvt Ltd - India
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- Aditya Birla Group - India
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- Kaltim Prima Coal - Indonesia
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- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Minerals Council of Australia
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- Iligan Light & Power Inc, Philippines
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- Planning Commission, India
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- San Jose City I Power Corp, Philippines
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- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
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- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
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- Karbindo Abesyapradhi - Indoneisa
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- Global Coal Blending Company Limited - Australia
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- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
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- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
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- Economic Council, Georgia
- Wilmar Investment Holdings
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- Mintek Dendrill Indonesia
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- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
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- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
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- The State Trading Corporation of India Ltd
- Parliament of New Zealand
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- IEA Clean Coal Centre - UK
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- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
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- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
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