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PGW earnings up 33% on strong farm gate returns

Brent Melville
Tue, 17 Aug 2021

Guerin: Bullish returns but supply chain concerns. (Image: Supplied)
Brent Melville
Tue, 17 Aug 2021
PGG Wrightson has ridden the back of strong farm gate returns, with earnings before interest, tax, depreciation and amortisation (ebitda) up a third to $56 million for the year to June 2021.That’s up on the "retrospective" restated ebitda of $42.2m for the 2020 financial year, on the strength of performances across its retail, livestock, wool, real estate and Fruitfed horticultural supply businesses. Revenues climbed by 7.6% to $847.8m. A $15m jump in net profit to $22.7m will see the listed rural services group pay a final...

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New 3-storey planning rules, shorter MIQ in prospect this week
Pattrick Smellie | Tue, 19 Oct 2021

Also expected this week is an announcement from covid response minister Chris Hipkins to reduce managed isolation and quarantine stays from 14 days to nine.

Ministry of Health: two vaccine certificates for data reasons
Henry Burrell | Tue, 19 Oct 2021

New Zealand’s international vaccine certificates will be based on the EU standard.

Arvida's $345m purchase a sharp deal with development opportunities
Jenny Ruth | Tue, 19 Oct 2021

Arvida is raising more capital than it needed to complete the Arena transaction.

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As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.

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With many staff working alone or in isolated situations, workplace health and safety is an operational priority. Here is how your business can protect remote workers.