Bunas pays dividends

JAKARTA (JP): PT Bunas Finance of the Ongko Group received approval from its shareholders yesterday to pay dividends of Rp 100 (4.2 U.S. cents) per share, totaling Rp 6.3 billion or 31 percent of the company's 1995 after-tax profits of Rp 20 billion.

Bunas's president, Francis Lay Sioe Ho, said after an annual shareholders meeting yesterday that the company expected a 20 percent increase in net profits this year.

Bunas, a multi-finance firm listed on the Jakarta Stock Exchange, also plans to open five branches this year in Denpasar (Bali), Banjarmasin (South Kalimantan) and Pekanbaru (Riau), bringing the number of offices to 21 across the country.

Francis added that the new automotive policy, which allows PT Timor Putra Nasional to produce cheaper cars, is likely to affect the company's consumer financing business. (08)