Thorn Group's prickly outlook

Thorn Group’s lacklustre outlook for the current financial year is weighing on the stock as it share price slumped to a two-week low this morning after the release of the group’s first half result.

Thorn Group’s (TGA) lacklustre outlook for the current financial year is weighing on the stock as it share price slumped to a two-week low this morning after the release of the group’s first half result.

Thorn Group, which owns the Radio Rental retail chain, posted a 2.9% increase in underlying net profit to $13.5 million as sales improved 12% to $112.7 million for the six months to end September 2013.

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