PGG Wrightson lifts annual earnings outlook for a second time, warns of weak farmer confidence

Fri, 12 Jun 2015

By Suze Metherell June 12 (BusinessDesk) - PGG Wrightson, the rural services firm controlled by China's Agria Corp, lifted its annual earnings outlook as second-half trading comes in ahead of expectations, but warned weak farmer confidence may weigh on future sales. The Christchurch-based company expects annual operating earnings before interest, tax, depreciation and amortisation to be between $66 million and $69 million in the year ending June 30, above the February forecast for earnings between $62 million and $68 million. That in itse...

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