Turners expects much faster profit growth this year
No satisfactory explanation of the rush to a placement.
Jenny Ruth Wed, 13 Sep 2017
Turners Automotive Group has announced it is expecting much stronger profit growth this year at the same time as launching an underwritten $25 million placement at a 10% discount to Tuesday’s closing market price.
The company says net profit before tax will rise by between 18% and 26% to between