United Tractors 2010 net profit up 1.3 pct, misses forecast

PT United Tractors , Indonesia's biggest heavy equipment provider, said on Thursday it posted a 1.3 percent rise in 2010 net profit on higher revenues.

The firm, Indonesia's largest mining contractor, posted a 3.87 trillion rupiah net profit in 2010, versus 3.82 trillion rupiah a year earlier.

It was expected to post a full-year 2010 net profit of 3.97 trillion rupiah, according to a consensus of 18 analysts by Thomson Reuters I/B/E/S. Source: Reuters