Rain is good for business at PGW

Tue, 23 Feb 2021

PGG Wrightson bolstered operating earnings before interest, tax, depreciation and amortisation to $42.1 million for the six months to December 2020 on the strength of positive growing conditions, high farmgate prices and a buoyant real estate market.Net profits after tax came in at $18m from continuing operations for the rural services group, up 41% on the comparable period in 2019, motivating the declaration of an interim dividend of 12 cents a share to be paid to shareholders registered as at Mar 3. The retail and water division, which c...

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