Wrightson full-year profit rises 20% on lower tax bill, sales fall 1.8%

Mon, 08 Aug 2016

By Jonathan Underhill Aug. 9 (BusinessDesk) - PGG Wrightson, the rural services firm controlled by New York Stock Exchange-listed Agria Corp, posted a 20 percent gain in full-year profit, largely by paying less tax, while sales fell in a result it said showed it was able to offset a tough year in the dairy sector with gains in other businesses. Profit rose to $39.6 million in the year ended June 30, from $32.8 million a year earlier, the Christchurch-based company said in a statement. Sales fell to $1.18 billion from $1.2 billion. Wrights...

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