PGG Wrightson ups guidance

Tue, 08 Dec 2020

PGG Wrightson says it is “well placed” to deliver operating earnings before interest, tax, depreciation and amortisation of $57 million, on the strength of its retail trading, up from an October estimate of $52 million for the year to June 2021.The rural services group said this will be an improvement of 27 percent from last year when ebitda was $45.2 million.“We have seen strong demand in our Rural Supplies and Fruitfed Supplies retail businesses over the crucial spring period. Livestock trading volumes have been healthy with...

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