PGG Wrightson reaffirms 2015 earnings growth, signs of weak dairy weighing on market

Sun, 21 Dec 2014

By Suze Metherell Dec. 22 (BusinessDesk) - PGG Wrightson, the rural services firm controlled by China's Agria Corp, has affirmed expectations for earnings growth in 2015 but is seeing "signs of softness" after Fonterra Cooperative Group cut its forecast farm gate payout. The Christchurch-based company expects operating earnings before interest, tax, depreciation and amortisation in the year ending June 30, 2015, to be above the $58.7 million it reported in the 2014 year, chief executive Mark Dewdney said in a statement, affirming guidance...

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