New Zealand's Turners Automotive jumps most in over 2-months on upgraded guidance

Turners Automotive

11/02/2024 22:29

** Shares of Turners Automotive Group  TRA.NZ  rise as much
as 5.3% to NZ$4.750, logs biggest intraday pct gain since Nov.
22
        ** Stock at its highest since Dec. 15
    ** Integrated financial services co upgrades its FY24
guidance to a net profit before tax of at least NZ$48 mln
($29.44 mln), ahead of the NZ$45.5 mln achieved in FY23
    ** Adds dividend forecast has been increased to NZ25 cents
per share, up from prior guidance of NZ24cps
    ** Stock up 3.3% YTD


($1 = 1.6303 New Zealand dollars)

 (Reporting by Neha Soni in Bengaluru; Editing by Josie Kao)
 ((Neha.Soni@thomsonreuters.com))