PGW share price +26% and GDT prices +28% in same period
That’s spooky possums ….really spooky
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https://www.stuff.co.nz/national/127...rock-star-farm
Couple awarded $1.7m damages from PGG real estate over farm misrepresentation.
Record FY22 half year result and guidance upgrade - NZX, New Zealand’s Exchange
Results Summary & Dividend
PGG Wrightson Limited (“PGW”)* today announced its results for the first half of FY22.
Highlights of the first six months to 31 December 2021 included:
Revenue of $552.4 million (up $53.0 million or 11%)
Operating EBITDA** of $47.4 million (up $7.8 million or 20%)
Net Profit after Tax (“NPAT”) of $22.5 million (up $5.5 million or 32%)
Total Shareholder Returns*** of +55%
Increased fully imputed interim dividend of 14 cents per share
Record first half year result with very strong performances from our Retail and Real Estate businesses
Strong balance sheet that continues to support growth ambitions for the business and renewed and extended bank facilities
Increased Operating EBITDA guidance for the full year of around $62 million
Last year ebitda was $56m ....a month or so said 'around $58m' ...and now its going to be 'around 62m'
Probably end up at $66m plus
An excellent result.
Rural sector is doing NZ proud.
Interim divvy last year 12c and final 16c, current year interim 14c and based on upgraded outlook can expect final to be 18c. Nice stock to hold :t_up:
Operating EBITDA over $47m in the first half but full year guidance of only $62m ? WOW, that's some serious seasonality to the business right there !