PGG Wrightson says earnings growth to stall in 2018, begins strategic review

Mon, 30 Oct 2017

By Jonathan Underhill Oct. 31 (BusinessDesk) - PGG Wrightson said earnings growth will stall this year after a wet winter and spring and said it will embark on a strategic review following the appointment of new chief executive Ian Glasson. Operating earnings before interest, tax, depreciation and amortisation for the coming year are expected to be in line with the $64.5 million reported for the year ended June 30, the Christchurch-based company said in a statement. Net profit would fall about 30 percent, mainly reflecting one-time gains...

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