PGG Wrightson Limited Declares Interim Dividend for the Six Months Ended December 31, 2017, Payable on April 5, 2018; Reports Unaudited Earnings Results for the Half Year Ended December 31, 2017
February 27, 2018 at 03:30 am
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PGG Wrightson Limited declared an interim dividend of $0.0175 cents per share, which will be paid to shareholders registered at the record date of March 16, 2018. The dividend will be fully imputed and paid to shareholders on April 5, 2018. This dividend will be fully imputed.
The company reported unaudited earnings results for the half year ended December 31, 2017. For the period, operating revenue was NZD 628,177,000 against NZD 607,771,000 a year ago. Operating EBITDA was NZD 34,172,000 against NZD 25,982,000 a year ago. EBIT was NZD 29,244,000 against NZD 21,040,000 a year ago. Profit from continuing operations before income taxes was NZD 21,247,000 against NZD 19,529,000 a year ago. Profit from continuing operations was NZD 14,643,000 against NZD 14,967,000 a year ago. Net profit after tax was NZD 14,640,000 against NZD 14,979,000 a year ago. Profit attributable to shareholders of the company was NZD 14,488,000 against NZD 14,988,000 a year ago. Basic earnings per share were NZD 0.019 against NZD 0.020 a year ago. Net cash out flow from operating activities was NZD 49,779,000 against NZD 16,193,000 a year ago. Purchase of property, plant and equipment was NZD 5,268,000 against NZD 6,950,000 a year ago.
PGG Wrightson Limited is a New Zealand-based agribusiness company. The Company is primarily involved in the provision of goods and services within the agricultural and horticultural sectors. The Company operates in two segments: Agency and Retail & Water. The Agency services segment includes the sale and purchase of all categories of livestock (sheep, beef, dairy, and deer) at saleyards, auctions, private and on-farm sales, and online trading of livestock. The Company operates from 56 auction selling centers, located throughout New Zealand, of which 40 are owned and co-owned saleyards. The Retail & Water segment includes the Rural Supplies and Fruitfed Supplies retail operations, Agritrade, PGG Wrightson Water, PGW Consulting, ancillary sales support and supply chain functions. It also offers full-service water and irrigation packages to its clients nationwide servicing the agricultural and horticultural and water reticulation markets in New Zealand.
PGG Wrightson Limited Declares Interim Dividend for the Six Months Ended December 31, 2017, Payable on April 5, 2018; Reports Unaudited Earnings Results for the Half Year Ended December 31, 2017