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Tower boosts profit outlook – again

The listed insurer now expects underlying profit after tax to be above $45 million in year ended September 30.

Tower chief executive Blair Turnbull.

Listed insurer Tower has a more positive profit outlook because of favourable weather conditions and ‘business-as-usual’ claims.

The company now expected underlying net profit after tax to be above $45 million, in the year ended September 30, up from previous guidance of more than $40m.

It told

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Jonathan Mitchell Thu, 08 Aug 2024
Contact the Writer: jmitchell@nbr.co.nz
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Tower boosts profit outlook – again
Investment,
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