Friday 11th October 2002 |
Text too small? |
The June-year earnings before interest and tax jumped 53% to $31.7 million and the net profit nearly doubled to $21.2 million.
Under chief executive Allan Freeth the troubled group has shaken off its appalling 1999 year when its shares fell to 30c.
Wrightson has embraced EVA (economic value added) as a performance benchmark and is moving from a commodities price-driven model to one with sustainable earnings streams throughout the rural business cycle.
Costs have been cut and an electronic logistics management system introduced.
The "solutions strategy" aims to differentiate the company from competitors by offering tailor-made productivity-boosting packages.
It has even turned around the Australian business, which this year contributed a $3.3 million profit.
No comments yet
Skellerup achieves another record result
August 21st Morning Report
Me Today signals capital raise and provides trading update
Seeka Announces Interim Result and Updates Guidance
FBU - Fletcher Building announces FY25 Results
August 20th Morning Report
RUA - New Zealand grown products support Rua's global strategy
Devon Funds Morning Note - 19 August 2025
Seeka Announces 15 cent Dividend
MCY - Major renewable build advanced despite 10% earnings dip