Turners sees annual earnings growth of up to 12%, eyes ASX listing

Tue, 28 Mar 2017

By Paul McBeth March 28 (BusinessDesk) - Turners expects annual earnings to rise 12 percent as it reaps the benefit of buying motor insurer Autosure and setting up a securitisation funding model to cut costs. The Auckland-based company expects pre-tax earnings of between $24 million and $24.5 million in the year ending March 31, up from $21.6 million a year earlier, it said in a statement. The guidance includes Turners' recent acquisitions including Autosure and car importer and dealer network Buy Right Cars, and the lower cost of funds...

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