Wrightson's profit improves in third quarter

Friday 19th April 2002

The farming boom helped Wrightson Group improve its performance with a net profit increase of 45% to $16.6 million for the nine months ended March 2002.

Last year the group posted a full-year net profit after tax of $10.7 million.

The result also reflects a lift in earnings since the group's six-month result, which was net profit after tax of $6.3 million.

Wrightson chairman John Palmer said the improvement in earnings reflected a strong performance across the group's businesses in this country and its Australian seeds business.

Mr Palmer said the company had no explanation for the recent decline in its share price.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

ATM - In principle agreement to settle shareholder class action
SUM - 1Q26 Metrics - Sales of Occupation Rights
GMT corporatised and stapled structure completed
April 7th Morning Report
KMD completes Placement and Institutional Entitlement Offer
SML - North Island asset sale completed
RAD - Radius Care Expansion Continues with Care Home Acquisition
PFI - Property for Industry Limited Bond Offer Final Terms Sheet
April 1st Morning Report
FSF - Fonterra completes sale of Mainland Group to Lactalis