WELLINGTON Feb 25 New Zealand agricultural
services company PGG Wrightson Ltd said on Tuesday its
first-half profit nearly tripled on increased sales.
The company, which sells supplies and advisory services to
farmers, reported a net profit after tax of NZ$13.4 million
($11.1 million) compared with NZ$4.8 million a year ago.
The company, majority owned by China's Agria,
reaffirmed its forecast of full-year operating earnings before
interest, tax, depreciation, and amortisation (EBITDA) at
between NZ$52 million to NZ$56 million.
It declared a dividend of 2 cents a share compared with last
year's 2.2 cents.
($1 = 1.2037 New Zealand dollars)