UPDATE: Turners sees growth driven by finance lending in competitive market

Tue, 28 Nov 2017

(Updates to recast lede, adds detail from conference call beginning in paragraph three, updates share price). By Sophie Boot Nov. 28 (BusinessDesk) - Turners Automotive Group, New Zealand's largest second-hand vehicle retailer, says its non-recourse financing tie-up with Motor Trade Finance has continued to be popular, though the finance market is still very competitive. This morning, Turners said revenue rose 44 percent to $163.8 million in the six months ended Sept. 30, while net profit increased 18 percent to $10 million. The compa...

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