PGW earnings up 33% on strong farm gate returns

PGW earnings up 33% on strong farm gate returns
Guerin: Bullish returns but supply chain concerns. (Image: Supplied)
Brent Melville
PGG Wrightson has ridden the back of strong farm gate returns, with earnings before interest, tax, depreciation and amortisation (ebitda) up a third to $56 million for the year to June 2021.That’s up on the "retrospective" restated ebitda of $42.2m for the 2020 financial year, on the strength of performances across its retail, livestock, wool, real estate and Fruitfed horticultural supply businesses. Revenues climbed by 7.6% to $847.8m. A $15m jump in net profit to $22.7m will see the listed rural services group pay a final...

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