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Hot Topic Budget 25
Hot Topic Budget 25
Investment
2 mins to read

Turners Auto identifies untapped potential in metro regions

Listed automotive company exits recession with caution about lagged economic recovery.

Turners Timaru dealership.

Key points
  • Revenue: down 0.7% to $414.2m
  • Profit: up 14.5% to $32.9m
  • Main takeaway: Automotive division weakness in the first half because of severe economic downturn, with a slower than expected economic recovery.

Shares in listed automotive company Turners bounced higher today after it reported robust financial results and escaped the economic downturn relatively unscathed.

The firm reported a 0.7% decline in revenue to $414.2 million in the year ended March 31, compared with the previous year. Total net

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Jonathan Mitchell Mon, 26 May 2025
Contact the Writer: jmitchell@nbr.co.nz
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Key points
  • Revenue: down 0.7% to $414.2m
  • Profit: up 14.5% to $32.9m
  • Main takeaway: Automotive division weakness in the first half because of severe economic downturn, with a slower than expected economic recovery.
Company profile
Powered by:
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Turners Auto identifies untapped potential in metro regions
Investment,
109314
true