PGG Wrightson ups guidance to $58m

Chair Rodger Finlay said it was 'fantastic' November trading. (Image: Supplied)

Mon, 06 Dec 2021

Five months into its current financial year and rural services group PGG Wrightson has beefed up its full-year operating earnings guidance by $5 million to $58m, on the strength of buoyant spring trading.Chair Rodger Finlay said the retail part of the business had a strong first quarter, prompting the board to upgrade its projections for earnings before interest, tax, depreciation and amortisation (ebitda). In October, Finlay had forecast ebitda at a more conservative $53m, but the board upgraded that after taking a look at 'record'...

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