PGG Wrightson sees flat annual earnings

Tue, 21 Jul 2020

PGG Wrightson said operating earnings before net interest and finance costs, income tax, depreciation, amortisation were between $23 million and $24 million range in the year to June 30.The result is in line with the prior year, when operating ebitda was $24.4 million, but lower than the $30 million guidance it gave in February and subsequently withdrew due to the covid-19 pandemic.“Whilst our results remain subject to completion and audit, this is a pleasing financial result in what has been an extraordinary year. To record a trading per...

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