Turners, Gentrack rally as they affirm earnings

Tue, 31 Mar 2020

Turners Automotive Group and Gentrack rallied in early trading after both said earnings in the March periods were within recent forecasts. Turners shares rose 7.7 percent to $1.40 after the car dealer and financier said it will report net profit of $28 million-to-$30 million in the year today, despite heavy disruption this month. However, it said it is too soon to predict the impact on the first half of the 2021 financial year. The company’s board said it has deferred the third quarter dividend to preserve the balance sheet, and that it...

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