Turners raises annual earnings guidance on strong performance, shares gain

Wed, 04 May 2016

By Tina Morrison May 5 (BusinessDesk) - Turners raised its full-year profit forecast as all its trading operations maintained strong performance in the last quarter of the financial year. Its shares rose 4.6 percent. Pretax profit was between $21.3 million and $21.5 million in the year ended March 31, ahead of previous guidance for earnings of more than $20 million, the Auckland-based company said in a statement. Turners became the name for the group after Dorchester Pacific acquired Turners Auctions in 2014 to complement its largely a...

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