PT United Tractors (UNTR) Q3 2024 earnings summary
Event summary combining transcript, slides, and related documents.
Q3 2024 earnings summary
13 Jun, 2025Executive summary
Net income reached Rp15.6 trillion for the first nine months of 2024, up 2% year-over-year, driven by higher contributions from Mining Contracting and Gold & Other Mineral Mining segments.
Consolidated revenue rose 2% year-over-year to Rp99.6 trillion, offsetting declines in Construction Machinery and Coal Mining segments.
Financial highlights
Net revenue for 9M 2024 was Rp99.6 trillion, up 2% from Rp97.6 trillion in 9M 2023.
Net income increased 2% year-over-year to Rp15.6 trillion.
Earnings per share rose 2% to Rp4,293.
Gross profit for 9M 2024 was Rp25.7 trillion, nearly flat year-over-year.
Outlook and guidance
Gold sales from the new Sumbawa Jutaraya mine are expected to begin in Q4 2024, following production start in Q2 2024.
Additional hydro power plants under construction are scheduled to start commercial operations in 2024 and 2025.
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