Turners Auctions expects 10 percent rise in annual profit after improved second half

Thu, 14 Nov 2013

By Tina Morrison Nov. 15 (BusinessDesk) – Turners Auctions, the auction house that counts Dorchester Pacific as a cornerstone investor, expects annual profit to rise about 10 percent after improved trading in the second half of the financial year. That’s an improvement from the company’s previous expectation in August that net profit would be close to the year earlier $4.2 million, the Auckland-based company said in a statement. The auction house had previously warned it faced a tough year as it made up for the loss of a contract with Insuran...

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