Turners Auto raises red flag over Middle East conflict
The listed used car dealer reintroduces a ‘tough macro’ approach to keep a lid on costs and its buying approach.
Turners reported a rise in revenue and steady net profit in the year ended March.
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Turners Automotive’s softer April performance has been amplified by the Iran war, as it raises a red flag over the economic outlook this year.
Today, the listed firm reported its financial results for the year ended March. Net profit was down 1% to $38.2 million, compared with $38.6m last year.
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