Goodwill write-off hits PGG Wrightson result
PGG Wrightson's decision to write off goodwill of $321.1 million has seen it report a $306.5 million loss for the year to June 30.
PGG Wrightson
Tough year takes toll on PGGW earnings
Tough year takes toll on PGGW earnings
A challenging year for farmers is expected to be reflected in PGG Wrightson's full-year result, the farm services company predicting a substantial drop in earnings.
PGG Wrightson first-half result boosted but uncertainty remains
PGG Wrightson first-half result boosted but uncertainty remains
Farm services company PGG Wrightson saw its first-half profit boosted 55% to $4.8 million, but ongoing uncertainties in the agricultural sector prevail for the remainder of the year.
Two PGG staff accept voluntary redundancy
Two PGG staff accept voluntary redundancy
Two employees have accepted voluntary redundancy at PGG Wrightson's Dunedin office, after completion of the first stage of a consultation process around restructuring.
PGG Wrightson to shed jobs
PGG Wrightson to shed jobs
PGG Wrightson is restructuring part of its Dunedin operation, but the company will not say how many jobs are on the line.
Major turn around by PGG Wrightson
Major turn around by PGG Wrightson
PGG Wrightson has achieved a major change in fortunes, with a net profit after tax of $24.5 million for the year ended June, following the previous year's loss of $30.7 million.
PGG posts $3.1m profit
PGG posts $3.1m profit
PGG-Wrightson - controlled by Singapore-based Agria - has delivered a turnaround result from last year's first-half loss of almost $6 million for an after-tax profit of $3.1 million.
Most wool prices ease at final sale of year
Most wool prices ease at final sale of year
Prices for most types of wool finished cheaper than the previous sale a week ago, at the last wool sale for the year in Christchurch.
PGG Wrightson opening office in Beijing
PGG Wrightson opening office in Beijing
PGG Wrightson is establishing an office in Beijing, aimed at delivering revenue and profit generating business for the company in China.
Wool brands placed in grower trust
Wool brands placed in grower trust
PGG Wrightson has transferred the assets of the international Wools of New Zealand (WNZ) and Laneve brands to the Wools of New Zealand Trust, a 100% grower-owned entity.
Heartland settles aquisition of PWF
Heartland settles aquisition of PWF
Heartland New Zealand's acquisition of PGG Wrightson Finance has been finalised.
Depositors remaining loyal to Heartland
Depositors remaining loyal to Heartland
Heartland New Zealand retail depositors continued to demonstrate strong loyalty, group treasurer Craig Stephen said yesterday.
$30m loss an 'ugly' result for PGG Wrightson
$30m loss an 'ugly' result for PGG Wrightson
PGG Wrightson has recorded a net loss after tax of $30.7 million for the year ended June - a year which the rural services company has described as "defining".
Uncertainty brings down prices
Uncertainty brings down prices
Prices for most styles of wool finished cheaper again at this week's combined sale of North Island and South Island wool in Christchurch.
Heartland $3m extra bid
Heartland $3m extra bid
The proposed Heartland bank will seek an extra $3 million to take its overall capital raising to $58 million, to go towards the $100 million purchase of listed PGG-Wrightson's rural loan book, valued at up to $430 million.
PGGW takes control of WPI as door closes
PGGW takes control of WPI as door closes
PGG Wrightson has taken direct control of Wool Partners International (WPI), with WPI trading from today as PGG Wrightson Wool.
Growers buy NZ Merino half-share
Growers buy NZ Merino half-share
Merino growers have voted to buy PGG Wrightson's half-share in New Zealand Merino for $7.625 million.
PGG-W sells rural loans to Heartland
PGG-W sells rural loans to Heartland
PGG-Wrightson has agreed to sell its finance division's up to $430 million rural loan book to fledgling bank Heartland New Zealand for about $100 million, which includes capital raising of a minimum $55 million from private placement and a share purchase plan.
PGG Wrightson to sell share holding
PGG Wrightson to sell share holding
PGG Wrightson is selling its half-share in New Zealand Merino for $7.625 million, putting the company totally in the hands of its grower shareholders.
Key shareholding in PGGW for Ngai Tahu
Key shareholding in PGGW for Ngai Tahu
Ngai Tahu Holdings plans to take a $15 million cornerstone shareholding in PGG Wrightson through its involvement in a joint venture with major Chinese agriculture companies.