PGG Wrightson (NZX:PGW) Hits $499 Million Six Month Revenue

Source: © Tama66 | pixabay.com

PGG Wrightson Limited (NZX:PGW) has performed superbly for the six months ending 31 December 2020. The Company has released its interim report for the period detailing its financial performance.

  • Revenue for the Company totalled NZ$499 million, up 6% over the previous corresponding period. Net Profit After Tax stood at NZ$18 million, up 41%.
  • Full-year Operating EBITDA guidance stands at NZ$57 million.
  • A dividend of NZ$0.12 per share will be paid on 24 March 2021, reflecting the Company’s strong performance.
  • Looking forward, PGG is expecting dairy farmers and fruit growers to drive growth in the business.

On 23 February, at the time of writing PGG Wrightson shares were trading at $3.58, increasing by 6.55%.

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