Turners Automotive Group (NZE:TRA, ASX:TRA) reported earnings per share of NZ$0.2172 for the first half of fiscal 2025, up from NZ$0.2124 in the year-ago period, according to a Monday filing with the New Zealand and Australian bourses.
Net profit from continuing operations rose 4% year on year to NZ$19.3 million from NZ$18.5 million.
Total revenue for the six months ended Sept. 30 fell 2% to about NZ$209 million.
The automotive company reaffirmed its guidance that the business is "on track for a record result for [fiscal 20025]," with net profit before tax expected to exceed the NZ$50 million target. It also forecasts a full-year dividend of at least NZ$0.27 per share, up 6% year on year.
The automotive company declared a dividend of NZ$0.07 per share payable on Jan. 29, 2025, to shareholders of record as of Jan. 10, 2025. This compares with a dividend of NZ$0.06 per share in the year-ago period.
The company's Kiwi shares were up nearly 2% in recent Monday trade, hitting a new 52-week high.
Price (AUD): $4.85, Change: $+0.09, Percent Change: +1.89%
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