Turners Auctions has increased its interim profit and is paying a special dividend even though fewer Japanese vehicle imports and lower demand made trading challenging.
The company reported a net profit after tax of $1.6 million in the six months to June 30, up 12 per cent on last year.
Total revenue fell 3 per cent. Auction revenue of $17.8 million was similar to the previous year.
Directors have declared a fully imputed dividend of 5c a share and a special dividend of 6c a share, also fully imputed. Both will be paid on September 21.
