NZ's Turners Automotive hits 13-1/2-year high on positive results, outlook

Turners Automotive

18/11/2021 01:07

** Shares of Turners Automotive Group  TRA.NZ  jump as much
as 4.6% to NZ$4.57, their highest since April 9, 2008
    ** Stock posts its biggest intraday pct gain since May 25
    ** The automotive financial services provider posts 26% jump
in HY net profit after tax (NPAT) to NZ$16.9 mln ($11.84
mln) urn:newsml:reuters.com:*:nFWN2S81CF
    ** TRA declares Q2 dividend NZ$0.05 per share
    ** Sees net profit before tax for FY22 to be in range of
NZ$40 mln to NZ$42 mln
    ** About 84,718 shares change hands, 2.7x the 30-day average
volume of 31,432; up 40.5% so far this year

    ($1 = 1.4280 New Zealand dollars)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))