PGG Wrightson earnings 'resilient', but no dividend

Tue, 18 Aug 2020

PGG Wrightson has delivered what it called a "resilient" performance for the financial year ended June given the impacts of the coronavirus pandemic, reporting results in line with expectations.Earnings before interest, tax, depreciation and amortisation were $23.4 million in the 12 months ended June 30, down $1 million on the prior year and in line with its July guidance. Net profit was $7.8 million, compared to a profit of $131.8 million a year in 2019 when it booked the gain on the sale of its seeds business. Th...

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