PGG Wrightson Limited (“PGW”)* today announced its results for the first half of FY21.

PGW Chairman Rodger Finlay said “Our strong half year results reflect well on the health of the business and the performance of our people as they continue to deliver for our customers in the agri-sector that is the powerhouse of New Zealand’s economy. It is particularly pleasing to be able to report that our Operating EBITDA for the six months to 31 December 2020 was $42.1 million; up 21% on the same period last year (1H20, $34.7 million).”

Key highlights of the first six months to 31 December 2020 included:

• Revenue of $499.3 million (up 6%)
• Operating EBITDA** of $42.1 million (up $7.4 million or 21%)
• Net Profit after Tax (“NPAT”) of $18.0 million (up 41%)
• Fully imputed interim dividend of 12 cents per share
• Very strong performances from our Retail, Livestock and Real Estate businesses
• Strong balance sheet and improvement in cash flows from the prior comparative period
• Reconfirmed full year Operating EBITDA guidance of around $57 million