PGG Wrightson 1H earnings beat expectations; full-year outlook upgraded

Mon, 26 Feb 2018

By Tina Morrison Feb. 27 (BusinessDesk) - PGG Wrightson said first-half earnings beat expectations and upgraded its outlook for the full year as its agricultural businesses traded better than anticipated. Operating earnings before interest, tax, depreciation and amortisation increased to $34.2 million in the six months ended Dec. 31, 2017, from $26 million in the year-earlier period, the Christchurch-based company said in a statement. It forecast full-year ebitda of $65 million to $70 million, an improvement from its previous forecast for...

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