Turners Auctions’ first-half profit jumps 19 percent on earthquake recovery

Wed, 15 Aug 2012

Aug. 16 (BusinessDesk) - Vehicle auctioneer Turners Auctions' first-half net profit jumped 19 percent as it recovered from earthquake-related disruption in Christchurch last year. The company is forecasting full-year profit will be up between 2.7 percent and 10.8 percent, or between $3.8 million and $4.1 million compared with last year's $3.7 million net result. It expects the car market will remain flat, “with uncertain consumer confidence” and imports will continue at their current levels. Turners' net profit for the six months ended June...

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