PGG Wrightson looks to beat operating earnings in 2015

Mon, 20 Oct 2014

By Paul McBeth Oct. 21 (BusinessDesk) - PGG Wrightson, the rural services firm controlled by China's Agria Corp, expects to shrug off falling dairy prices and beat its strongest earnings result in several years in 2015 after a strong first quarter. The Christchurch-based company believes it can increase operating earnings before interest, tax, depreciation and amortisation in the year ending June 30, 2015 from the $58.7 million it reported in the 2014 year, and will update guidance with its first-half result due in February, managing dire...

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