Wrightson backs itself to pay upcoming dividend

Wrightson backs itself to pay upcoming dividend
Paul McBeth
PGG Wrightson will pay its upcoming dividend but said the covid-19 pandemic has made the outlook too murky to keep its annual earnings guidance.The country’s biggest rural services firm said its strong balance sheet and solid first-half result meant it still had capacity to pay a 9 cents per share dividend, or $6.8 million, on April 3. Its net debt was drawn down to $59.3 million at Dec. 31, giving it about $60 million of headroom under its $50 million core facility and $70 million working capital facility. “We also consider that the compa...

More Primary Sector

High risk of bird flu says biosecurity minister
Primary Sector

High risk of bird flu says biosecurity minister

Hoggard is less concerned about the risk to dairy cattle. 

Leadership changes on Fonterra's management team
Primary Sector

Leadership changes on Fonterra's management team

CEO Miles Hurrell says its to help lead co-op potential consumer divestment.

Riley Kennedy 20 Jun 2024
Whole milk powder prices fall 2.5%
Primary Sector

Whole milk powder prices fall 2.5%

Skim milk powder prices increased, however.

Riley Kennedy 19 Jun 2024