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June 03, 2015 12:05 AM ET

Specialty Retail

Company Overview of Turners Group NZ Limited

Company Overview

Turners Group NZ Limited, together with its subsidiaries, operates as an auction house that operates in the second hand car, truck, and machinery markets in New Zealand. The company operates through three segments: Auctions, Fleet, and Finance. The Auctions segment is involved in remarketing of used vehicles, such as trucks, damaged vehicles, light commercial vehicles, and passenger cars; and commercial goods, including heavy plant and machinery, police and custom seized goods, liquidator sales, catering equipment, computers, and furniture. The Fleet segment purchases motor vehicles and commercial goods for resale. The Finance segment provides consumer finance to assist its retail customers ...

Turners Auctions Building

1st Floor

Corner of Penrose and Leonard Roads

Penrose

Auckland,  1060

New Zealand

320 Employees

Key Executives for Turners Group NZ Limited

Chief Executive Officer
Executive Chairman, Chairman of Remuneration Committee and Member of Audit Committee
Chief Financial Officer and Company Secretary
Chief Information Officer
Human Resources Manager
Compensation as of Fiscal Year 2014.

Turners Group NZ Limited Key Developments

Dorchester Turners announces Change of Year End to March 31

Dorchester Turners Ltd. have resolved to change its balance date to 31 March, and therefore the balance date for the current year will be March 31, 2015.

Turners Group NZ Limited Recommends Interim Dividend, Payable on September 25, 2014

Turners Group NZ Limited the directors have recommended the payment of an interim dividend of 7.5 cents per fully paid ordinary share, against 7 cents fully imputed. The aggregate amount of the proposed dividend expected to be paid on September 25, 2014. The record date is September 18, 2014.

Turners Auctions Ltd. Reports Unaudited Consolidated Earnings Results for the Half Year Ended June 30, 2014

Turners Auctions Ltd. reported unaudited consolidated earnings results for the half year ended June 30, 2014. For the period, revenue from continuing operations was NZD 49,639,000 against NZD 41,816,000 a year ago. Profit before income tax was NZD 3,170,000 against NZD 2,992,000 a year ago. Profit for the period attributable to owners of the company was NZD 2,269,000 or 8.3 cents per basic and diluted share against NZD 2,142,000 or 7.8 cents per basic and diluted share a year ago. Net cash inflow from operating activities was NZD 830,000 against NZD 2,903,000 a year ago. Payments for property, plant and equipment was NZD 373,000 against NZD 415,000 a year ago. Payments for intangible assets were NZD 282,000 against NZD 801,000 a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 28, 2014
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