Brief: Turners Automotive Expects FY24 To Be Another Record Profit Result For Business

Turners Automotive

23/08/2023 02:39

Aug 23 (Reuters) - Turners Automotive Group Ltd
 TRA.NZ :
    * EXPECTING FY24 TO BE ANOTHER RECORD PROFIT RESULT FOR
BUSINESS
    * FORECASTED DIVIDEND IS EXPECTED TO BE AT LEAST 24 NZ CENTS
PER
SHARE FOR FY24
    * DECLARED A Q1 DIVIDEND OF 6.0 NZ CENTS PER SHARE FULLY
IMPUTED
    * SEES  UPSIDE IN H2 FROM NEW BRANCHES OF AUTO RETAIL
    * ALTHOUGH NZ STILL HAS A HIGH LEVEL OF ECONOMIC
UNCERTAINTY, CO'S
BUSINESS HAS CONTINUED TO PERFORM EXCEPTIONALLY WELL
    * ON TRACK FOR FY24 RESULT TO BE AHEAD OF FY23 RESULT OF
NZ$45.5
MILLION NET PROFIT BEFORE TAX
    * MARGINS EXPECTED TO EXPAND IN NEAR TERM ALTHOUGH STILL
SOME
SENSITIVITY TO OCR TRACK FOR FINANCE

Source text for Eikon:  ID: 
Further company coverage:  TRA.NZ 

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