Rubicon shares rise after CEO Moriarty says ArborGen on track to more than double earnings

Mon, 05 Mar 2018

By Rebecca Howard March 6 (BusinessDesk) - Rubicon shares rose 9.1 percent after chief executive Luke Moriarty told shareholders its sole asset ArborGen is on track to more than double annual earnings. "We have great belief in the potential future upside in ArborGen," Moriarty told shareholders at the annual general meeting in Wellington, according to speech notes published on the NZX. The stock rose 2 cents to 24 cents in early trading. Last June, the NZX-listed forestry investor took full ownership of ArborGen, agreeing to pay...

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