12-month profit at PGG Wrightson drops 82% amid weak commodity prices and challenging market conditions.
PGG Wrightson reports a significant decrease in full-year profit due to weak commodity prices and challenging economic conditions, with net profit falling 82% to $3.1 million for the year to June. The agricultural sector is navigating persistently difficult market conditions, with farmers and growers facing hard times, resulting in reduced spending. Despite these challenges, the company has managed to hold and grow share in its respective markets.
August 12, 2024
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