PGG Wrightson Limited Reports Earnings Results for the Year Ended June 30, 2016
PGG Wrightson Limited reported earnings results for the year ended June 30, 2016. For the period, the company reported achieved operating earnings before interest, tax, depreciation and amortisation of $70.2 million, up from $69.6 million for the prior financial year. At the group level, the increase in Operating EBITDA contributed to a net profit after tax of $39.6 million against $32.8 million a year ago. Net cash flow from operating activities improved $6.0 million to $35.2 million. After spending $44 million on capital expenditure and investments, and realising $31 million from the sale of non-strategic assets, net debt increased $7 million to $127 million.