Wrightson warns weak wool demand, slow spring listings weigh on earnings

Tue, 19 Feb 2019

By Paul McBeth Feb. 19 (BusinessDesk) - PGG Wrightson has lowered expectations for its continuing operations even further, saying weak international demand for wool and a slow start to spring farm listings weighed on earnings. The company flagged in December that its seed and grain business would post a loss, but wanted more time to determine the impact the local weather would have on its rural services arm. Today, the company said operating earnings from the rural services division in the six months through December were about $5 mil...

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