UPDATE: PGG Wrightson’s water business posted 2017 loss, recovery seen in 2018

Mon, 07 Aug 2017

(Recasts to focus on irrigation, updates shares) By Jonathan Underhill Aug. 8 (BusinessDesk) - PGG Wrightson says it will probably take “a few years” for its water business to return to the levels of profitability enjoyed in 2013-14 after recording a loss in the 2017 year in the face of lower demand and increased environmental concerns. The Christchurch-based company declined to detail the size of the loss from its irrigation activities. The business has been restructured, with an impairment against inventory. In the 2017 accounts,...

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