Wrightson beats guidance with 18.4% gain in full-year earnings, lowers dividend

Mon, 10 Aug 2015

Aug. 11 (BusinessDesk) - PGG Wrightson, the rural services firm controlled by China's Agria Corp, beat its guidance with an 18.4 percent gain in annual earnings, led by an improved performance for seed and grain. It declared a lower final dividend after investing in businesses in Uruguay and Australia. Operating earnings before interest, tax, depreciation and amortisation rose to $69.5 million in the year ended June 30, from $58.7 million a year earlier, the Christchurch-based company said. Sales from continuing operations fell slightly to $...

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