Indonesia's United Tractors says Q1 net profit up 43 pct

Newswire

JAKARTA, April 27 (Reuters) - United Tractors , Indonesia's biggest heavy equipment provider, said on Wednesday that its first quarter net profit rose 43 percent to 1.296 trillion rupiah ($149.8 million) on higher sales. The firm, controlled by Indonesia's largest listed firm Astra International , aims to raise around $700 million via a rights issue this year to fund its expansion plans. Shares in United Tractors were up 0.9 percent ahead of the results, but have fallen nearly three ...

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