Turners Automotive has reported a 5% increase in net profit before tax for the first half of the 2024 financial year, reaching a record $26.9 million.
Despite a 2% decline in revenue, the company's diversified business model and strong performance in finance, insurance, and credit management segments offset the impact of lower auto retail revenue.
Turners reaffirmed its guidance for a record result in the 2025 financial year, exceeding the $50m npbt target.
The company declared a second-quarter dividend of 7 cents per share and forecasted a full-year dividend of at least 27 cents per share.
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