Wrightson says weaker performance in Australia, South America, offset by robust NZ ag sector

Thu, 14 Jun 2018

By Tina Morrison June 15 (BusinessDesk) - PGG Wrightson reaffirmed its forecast for annual earnings, saying weaker performance from its Australian and South American businesses would be offset by better trading in New Zealand. Operating earnings before interest, tax, depreciation and amortisation is expected to be between $65 million to $70 million in the year ending June 30, up from $64.5 million last year and in line with its February forecast, the Christchurch-based company said today. "Overall, the agricultural sector in New Zeala...

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