JAKARTA (Yosefadi) – PT Tunas Ridean Tbk (TURI) sold 13,937 units of car during first quarter of this year amid the tight competition. While national car sales grew by 11% to 328,554 units.
TURI’s profit from automotive business declined 27% to Rp47.2 billion in first quarter of this year. While national motorcycles only increased 1% to 2 million units.
TURI booked revenue of Rp2.83 trillion while profit fell 22% to Rp78.1 billion from Rp100.47 billion in first quarter of 2013. It booked revenue of Rp2.82 trillion in first quarter of 2013.
Its assets totaled Rp3.87 trillion while liability amounted Rp1.8 trillion.