July 29 (Reuters) – PT United Tractors (UNTR.JK), Indonesia’s biggest heavy equipment provider, posted a 0.8 percent rise in its first half 2010 net profit on Thursday, as revenues climbed but costs increased.
The firm, Indonesia’s largest mining contractor, posted a 1.888 trillion rupiah ($209.8 million) net profit in the first half of the year, versus 1.873 trillion rupiah a year earlier.
The company’s net revenue climbed 30 percent to 18.08 trillion rupiah.
Indonesia is expected to post economic growth of around 6 percent this year, driven by exports of resources that need heavy machinery, as well as increasing consumer demand.
Shares in United Tractors, which has a market cap of $7.3 billion, gained 21 percent in the first half of the year, outperforming the 15 percent rise in the Jakarta stock index .JKSE. (Reporting by Janeman Latul, Editing by Neil Chatterjee)