Turners Group lifts 1H profit 5.9% as cheap imports attract customers

Thu, 14 Aug 2014

By Paul McBeth Aug. 15 (BusinessDesk) - Turners Group NZ, which this month changed its name from Turners Auctions, lifted first-half profit 5.9 percent as a strong New Zealand dollar lowered the cost of imported cars, helping attract customers with cheaper prices, and the company anticipates good trading conditions for the rest of the year. Net profit rose to $2.27 million, or 8.3 cents per share, in the six months ended June 30, from $2.14 million, or 7.8 cents, a year earlier, the Auckland-based company said in a statement. Revenue clim...

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