PT United Tractors Tbk ( (PUTKF) ) has released its Q4 earnings. Here is a breakdown of the information PT United Tractors Tbk presented to its investors.
PT United Tractors Tbk, a leading Indonesian company, operates in the heavy equipment, mining, and energy sectors, providing integrated services from sales and rentals to mining contracting and energy solutions. In its latest earnings report, PT United Tractors Tbk showcased a robust financial performance for the year ending December 2024, with notable increases in net revenue and total assets. The company reported a net revenue of IDR 134.43 trillion, up from IDR 128.58 trillion in the previous year, reflecting strong market demand and operational efficiency. Total assets grew to IDR 169.48 trillion, a significant increase from IDR 153.75 trillion in 2023, driven by strategic investments and expansions. Despite a slight decrease in profit after tax from IDR 22.13 trillion in 2023 to IDR 20.12 trillion in 2024, the company maintained a solid financial position with increased equity and cash reserves. Looking ahead, PT United Tractors Tbk remains optimistic about its growth prospects, focusing on enhancing its operational capabilities and exploring new opportunities in the energy sector.
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