JAKARTA (Indonesia Today) – Car distributor and dealer PT Tunas Ridean Tbk (TURI) will pay dividend of Rp128.34 billion, or Rp23 per share, for 2012 fiscal year, representing 30% of 2012 net profit (Rp420.09 billion).
While the rest Rp287.55 billion profit is allocated as the retained profit which will be used for working capital and investment.
The dividend will be distributed in May 27, 2013 to shareholders recorded at May 15, 2013.
Tunas Ridean targets its revenue to grow by 10% to Rp10.59 trillion this year, compared to Rp9.63 trillion in 2012.
It targets car sales to reach 54,000 units this year and motorcycles sales to reach Rp185,000 units. (hans@theindonesiatoday.com)