PGG Wrightson's seeds business to make a 1H loss after Uruguay woes

Tue, 18 Dec 2018

By Jenny Ruth Dec. 18 (BusinessDesk) - PGG Wrightson says its seeds business will make a loss after tax in the six months ended December and that it has had to bail out its joint venture partner in Uruguay. Wrightson also says its rural services operations have been “trading solidly, although slightly behind last year" due to a later start to spring sales and a delayed recovery following recent heavy rain across much of New Zealand. Wrightson didn’t say in its statement how much it has cost it to buy out the 50 percent stake in the ret...

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