NZ's Turners Automotive Group near 17-year high on profit forecast upgrade

Turners Automotive

17/02/2025 23:21

** Shares of Turners Automotive Group  TRA.NZ  rise as much
as 5% to NZ$5.920, their highest level since March 11, 2008
    ** Integrated financial services co expects FY25 net profit
before tax to be at least NZ$53 million ($30.39 million) 
    ** Co had earlier forecast FY25 profit before tax to exceed
NZ$50 million
    ** Sees H2FY25 results for all its four businesses to
surpass H2FY24 results
    ** Stock up ~6% YTD, including current session's moves


($1 = 1.7440 New Zealand dollars)

 (Reporting by Manasi Dasa Sundeep in Bengaluru; Editing by Lisa
Shumaker)
 ((Manasi.DasaSundeep@thomsonreuters.com;))