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PGG Wrightson reaffirms 2015 earnings growth, signs of weak dairy weighing on market
2014-12-22 07:36:14| Food - Topix.net
The Christchurch-based company expects operating earnings before interest, tax, depreciation and amortisation in the year ending June 30, 2015, to be above the $58.7 million it reported in the 2014 year, chief executive Mark Dewdney says in a statement, affirming guidance given at its October annual meeting. Earlier this month, Fonterra cut its forecast farmgate milk price for the 2014/15 season by 60c per kilogram of milk solids to $4.70/kgMS, after global dairy prices halved since the start of the year.
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Category:Food and Related Products
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