Turners half year profit up by a quarter

Wed, 25 Nov 2020

Turners Automotive Group looks to have turned the corner after the initial impacts of the covid lockdowns with net profit before tax climbing for the half year to September 2020.The company benefitted from a rebounding used car market and growth in its Oxford finance business.Revenues, down 14 percent at $148 million, reflected the disrupted trading conditions for the six months. Net profit after tax was up 25 percent to $13.4 million compared to $10.3 million for the same period in 2019.That translated to earnings of 15.7 cents per share, a 27...

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