New Zealand's Turners Automotive gains on better FY results, guidance

Turners Automotive

21/05/2024 02:28

** Shares of Turners Automotive Group  TRA.NZ  rise 6.1% to
NZ$4.35; set for their best day since Nov. 22, 2023, if gains
hold
    ** Automotive financial services provider says FY24
normalised NPAT rose 8% to NZ$35.1 million ($21.43 million)
    ** Says, co remains on track for its NZ$50 mln net profit
before tax target in FY25
    ** TRA declares a final dividend of 7.5 NZ cents per share
    ** Stock down 10.7% YTD, as of last close
 


($1 = 1.6383 New Zealand dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))