Automotive distributor Tunas Ridean (TURI) only booked flat profit (Rp105 billion) for first quarter (Q1) of 2017, though revenues increased 24% to Rp3.5 trillion. Its cost of revenues rose 25% to Rp3.26 trillion. TURI’s car sales increased 27% and car sales went up 9%. Mandiri Tunas Finance contributed lower profit to TURI for the said period.
