Dorchester raises 2015 profit expectations on better trading

Mon, 08 Sep 2014

By Suze Metherell Sept. 9 (BusinessDesk) - Dorchester Pacific, the finance company which plans this month to make a takeover bid for vehicle auction company Turners Group, raised its forecast for annual profit on better-than-expected trading across its insurance and credit businesses. The Auckland-based company expects pre-tax profit of $11.5 million in the year ending March 31, ahead of its earlier forecast of $10 million to $11 million, it said in a statement. It kept its forecast for 2016 pre-tax profit unchanged at $15 million. The ea...

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