Thorn Group

Thorn Group (TGA)

Stock Code

TGA

Stock Exchange

ax

Thorn Group (TGA), previously known as RR Australia (RRA), is an operator in the Australian household goods rental markets that offers a wide range of audio visual products, kitchen and laundry appliances and computers along with a new range of furniture and gym equipment on a rental basis. RR Australia was formerly known as Radio Rentals Australia. Established in Sydney in 1937, TGA has a long history of renting electrical appliances to Australian consumers through 67 stores nationally. The company was originally listed as RR Australia Limited on 13 December 2006.

Thorn Group Profits up by 13 Percent


Thorn Group's (ASX:TGA) shares soar by 5 percent. The company posted a full year profit increase of 13 percent, forecasting a strong year ahead.

Net profit increased by $22.04 million in 2010/11, which is up by $19.5 million compared to the previous year. Shares also increased by 10 cents to $2.08.

Managing director John Hughes credits the company for doing well despite the fact that consumers preferred to rent goods.

Thorn Half Year Results


Rental merchandise operator, Thorn Group (ASX:TGA), owner of brands like Radio Rentals, Rentlo and Cashfirst, have upgraded its full year profit guidance from greater demand for rented products. On Tuesday, Thorn released their half year results, of $11.05 million for the six months to September 30, increasing profit by 2.4 percent compared to the previous corresponding period. The company increased its customer base to 96,000 or by 6.3 percent.

Thorn Group Dividends

1 September, 2010 - 13:41

Read up on the dividend history for THORN GROUP LIMITED. A dividend is a share of a company's profits that it pays to investors and shareholders. Not all companies pay dividends; companies may decide to retain earnings and reinvest them back into the company. You are eligible to receive TGA dividends if you own the THORN GROUP LIMITED shares on the ex-dividend date. Investors and traders must purchase the stock before the exdividend date to be entitled to the dividend.

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