Tunas Completes Acquisition This Year
Bisnis Indonesia, page B2, 2006-08-25
PT Tunas Ridean Tbk has predicted that the negotiation of the purchase of 49 percent of a dealer company can be finalised at the latest by the end of this year. By the end of the year, the company is estimated to have a net profit drop of up to 70 percent compared to 2005. The weak demand of automobiles has resulted in the management of only having a Rp.43 billion target this year.

Tunas Ridean’s Net Profit Rises 88.3 percent
www.tempointeraktif.com, 2005-03-29
PT Tunas Ridean Tbk booked 88.3 percent of net profit increase on 2004 from Rp.81.1 billion (2003) to Rp.152.7 billion (2004). Net consolidated sales of the company rose 24.3 percent from Rp.2.7 trillion to Rp.3.3 trillion due to the 40.2 percent increase of the financial service division’s income. Tunas Finance also increased its financing budget by 34.7 percent from Rp.900.2 billion (2003) to Rp.1.2 trillion (2004). The increase was due to the bond publication of subsidiary Tunas Financindo. The sales of new cars in 2004 rose 17 percent to 17,879 units. Meanwhile, motorcycle sales climbed 81 percent to 67,118 units. Net sales of automotives increased 22.4 percent from Rp.2.41 trillion (2003) to Rp.2.95 trillion (2004). Tunas Ridean will open 5 new branches for Honda motorcyles and 5 branches of consumer financing in 2005.