Turners lifts profit 50%, announces share buybacks, seeks acquisitions

Wed, 18 Nov 2015

By Sophie Boot Nov. 19 (BusinessDesk) - Turners Group, the financial services firm formerly known as Dorchester Pacific, lifted profit nearly 50 percent as the company considers further acquisition opportunities after a strong trading performance in the first half of the current financial year. Net profit rose to $7.4 million in the six months ended Sept. 30, from $5.1 million a year earlier, the company said in a statement. Profit before tax was $10.3 million, ahead of Turners' market guidance of $9.5 million. Current guidance for the...

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