Wrightson warns wet autumn will weigh on annual earnings

Tue, 13 Jun 2017

By Paul McBeth June 14 (BusinessDesk) - PGG Wrightson, whose chief executive yesterday signalled his departure at the end of the year, warned a wet autumn sapped the performance of its seed and grain business and will weigh on annual earnings. The Christchurch-based company said it expects operating earnings before interest, tax, depreciation and amortisation to be in the bottom half of its earlier guidance for earnings of between $62 million and $68 million, while net profit will be near the low end of its previous forecast for between...

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