Turners Automotive sees FY18 pre-tax profit rising by as much as 26%

Wed, 20 Sep 2017

By Rebecca Howard Sept. 20 (BusinessDesk) - Turners Automotive Group told shareholders at today's annual meeting it expects to lift its full-year pre-tax earnings by as much as 26 percent as it benefits from a series of recent acquisitions and increasing vertical integration. New Zealand's largest second-hand vehicle retailer said trading so far this financial year is in line or slightly above board expectations and it anticipates pre-tax earnings of $29 million to $31 million in the year ending March 31, 2018, up from $24.6 million in t...

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