PGG Wrightson Limited Announces Group and Company Audited Earnings Results for the Full Year Ended June 30, 2014; Provides Operating EBITDA Guidance for the Year 2014
On company basis for the year, operating revenue was NZD 679,018,000 against NZD 583,062,000 a year ago. Operating EBITDA was NZD 18,219,000 against NZD 9,037,000 a year ago. EBITDA was NZD 40,789,000 against LBITDA of NZD 298,341,000 a year ago. Profit from continuing operating activities before income taxes was NZD 28,582,000 against loss from continuing operating activities before income taxes of NZD 309,790,000 a year ago. Profit from continuing operations was NZD 31,434,000 against loss from operations of NZD 305,830,000 a year ago. Profit attributable to shareholders of the company was NZD 31,434,000 against loss attributable to shareholders of the company of NZD 305,830,000 a year ago. Net cash flow from operating activities was NZD 14,224,000 against NZD 7,145,000 a year ago. Purchase of property, plant and equipment was NZD 2,691,000 against NZD 3,427,000 a year ago. Purchase of intangibles (software) was NZD 4,179,000 against NZD 792,000 a year ago.
The company announced that it is confident that it could deliver further increases on 2014 's operating EBITDA result through the delivery of its strategy. However, given the volatility in the forecast dairy price at the current time, and the need to assess the likely impact for PGW's clients and the sector, it was the company's intention to provide a forecast for the current fiscal year at the time of the annual shareholders meeting in October.