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Turners lifts first-half profit 28% but warns about the outlook

Jenny Ruth
Mon, 26 Nov 2018

By Jenny Ruth Nov. 27 (BusinessDesk) - Turners Automotive lifted first-half net profit 28 percent and says strong performance from its insurance business offset a country-wide slowdown in the vehicle retailing sector. The company is also foreshadowing that its full-year result could be impacted if current market conditions persist. Nevertheless, the company plans to buy back up to 5 percent of the company’s shares because directors think the current share price undervalues the company. The shares closed at $2.72 on Monday and have f...

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