Turners Auctions upgrades earnings outlook ahead of result

Thu, 17 Jan 2013

Jan. 17 (BusinessDesk) -Turners Auctions has published a profit upgrade ahead of its annual result release on February 13. Solid trading in the last three months will boost net profit after tax to about $4.2 million in the year ended December 31, the company said. When the car auction operator posted a 19 percent rise in interim profit in August it said the annual result would be between $3.8 million and $4.1 million. At the halfway mark Turners Auction noted a return to normal trading in Christchurch, but said the New Zealand used car mark...

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