Turners delivers record profit and dividend for FY25
Turners Automotive Group (NZX:TRA) has released its FY25 annual report, marking a decade of consistent growth with record profits and dividends. Net profit before tax (NPBT) rose to NZD 54.3 million, a 6% increase, while net profit after tax (NPAT) grew 17% to NZD 38.6 million. Earnings per share increased to 43.3 cents, and a full-year dividend of 29 cents per share was declared, up 14%. The company's diversified business model supported profitable growth across its Auto Retail, Finance, and Insurance divisions, despite challenging economic conditions. Total revenue slightly decreased by 1% to NZD 414.2 million, with lower Auto Retail sales partially offset by gains in other sectors. Operationally, Turners completed new property developments and strategic investments, including a 50% stake in My Auto Shop and a strategic $1 million investment in Quashed. The company anticipates continued profit growth and aims to achieve its medium-term earnings target of NZD 65 million by the end of FY28.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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