TRA Reports Double Digit Growth in NPBT

  • Jun 18, 2020 NZST
  • Team Kalkine
TRA Reports Double Digit Growth in NPBT

For the year ended 31 March 2020, Turners Automotive Group (NZX:TRA) reported underlying net profit before tax (NPBT) of $28.8 million, up by 11%. Revenue declined by 1% to $333 million.

Other key highlights:

  • NPBT is in-line with pre Covid-19 guidance at $29.1 million;
  • Solid gains in the finance, insurance & credit management businesses;
  • Auto retail impacted by slowdown in last 6 weeks of FY20 due to Covid-19;
  • The company declared final dividend of 6.0cps, taking full year dividends to 14.0cps.

 


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