PGG Wrightson said the improved performance was achieved due to most of its businesses trading well through the first half. PGG Wrightson said first-half earnings beat expectations and upgraded its outlook for the full year as its agricultural businesses traded better than anticipated. Furthermore, we expect this strength to continue and anticipate operating ebitda to exceed 2017's result." "It was pleasing to see that they finished with operating ebitda higher than the same period last year despite some challenges with weather. All three retail business areas (Rural Supplies, Fruitfed Supplies and Agritrade) contributed to the pleasing result."

Source: Otago Daily Times February 27, 2018 02:37 UTC