Declining Performance Is Still Reasonable
In 9M19, UNTR posted total revenues of IDR65.6 trillion (+7.3% YoY) supported by coal sales volume of 6.4 million tonnes (+10.9% YoY). However, it only sold 2,568 units of Komatsu and accounted for the revenue contribution of IDR18.2 trillion (-14.8% YoY) plus financial costs which surged to IDR583 billion (+116.3% YoY). Thus, its net profits were declined to IDR8.6 trillion (-4.8% YoY). Besides, from July to Sept., its OPM and NPM increased to 20.1% and 13.7%.
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