PGG Wrightson Limited Board declared a fully imputed dividend of 1.75 cents per share for the six months ended December 31, 2015, which will be paid to shareholders registered at the record date of 10 March 2016. The dividend will be paid on 5 April 2016.

The company announced unaudited earnings results for the six months ended December 31, 2015. For the period, the company reported operating revenue NZD 623,066,000 against NZD 654,699,000 a year ago. Operating EBITDA (excluding earnings of associates) was NZD 31,181,000 against NZD 33,640,000 a year ago. Operating EBITDA was NZD 30,936,000 against NZD 33,799,000 a year ago. EBIT was NZD 26,068,000 against NZD 31,359,000 a year ago. Profit from continuing operations before income taxes was NZD 22,548,000 against NZD 28,096,000 a year ago. Profit from continuing operations was NZD 15,990,000 against NZD 19,555,000 a year ago. Profit attributable to shareholders of the company was NZD 15,947,000 against NZD 19,477,000 a year ago. Basic earnings per share were 2.1 cents against 2.6 cents a year ago. Net cash flow used in operating activities was NZD 12,174,000 against NZD 11,437,000 a year ago. Purchase of property, plant and equipment was NZD 22,454,000 against NZD 4,145,000 a year ago. Purchase of intangibles (software) was NZD 722,000 against NZD 811,000 a year ago. Net tangible assets per share were 33.5 cents against 32.1 cents a year ago.

The company is maintaining its 2016 full year Operating EBITDA forecast range of NZD 61 to NZD 67 million.