PGG Wrightson says annual profit rose about 20%; shares gain

Mon, 01 Aug 2016

By Paul McBeth Aug. 1 (BusinessDesk) - PGG Wrightson shares gained 4.5 percent after it said full-year profit rose about 20 percent and operating earnings beat guidance, which had already been upgraded on the strength of the horticulture and beef sectors. The Christchurch-based company today said trading beat expectations "due to a variety of factors" and that operating earnings before interest, tax, depreciation and amortisation exceeded $68 million in the year ended June 30. Wrightson raised its earnings forecast in June, predicting eb...

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