NZ's Turners Automotive sees best day in over 6 months on upbeat results

Turners Automotive

24/05/2022 24:08

** Shares of Turners Automotive Group Ltd  TRA.NZ  rise as
much as 4.3% to NZ$3.92; set to mark best day since November
2021, if gains hold
    ** Automotive financial services provider posts FY net
profit after tax (NPAT) of NZ$31.3 mln ($20.19 mln), a rise of
16% from last year  urn:newsml:reuters.com:*:nNZW4Dh1G7
    ** Co declares final dividend of 7 NZ cents/share
    ** Says it is confident about good growth prospects in auto
retail and insurance  
    ** Stock hits highest level since May 13
    ** More than 36,000 shares change hands vs 30-day average
volume of about 28,000 shares
    ** Stock has fallen 15.9% this year, as of last close
 
($1 = 1.5501 New Zealand dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))