Earnings release
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23 FEBRUARY 2021 PGG Wrightson announces strong FY21 half year result and dividend PGG Wrightson $ 42.1m . Operating EBITDA র $ 18.0m Net profit after tax NZX Announcement 12 cents Per Share , Fully Imputed Interim dividend Results Summary & Dividend PGG Wrightson Limited ( " PGW ” ) * today announced its results for the first half of FY21 . Key highlights of the first six months to 31 December 2020 included : Revenue of $ 499.3 million ( up 6 % ) ✰ Operating EBITDA ** of $ 42.1 million ( up $ 7.4 million or 21 % ) ✰ Net Profit after Tax ( " NPAT " ) of $ 18.0 million ( up 41 % ) Fully imputed interim dividend of 12 cents per share ✰ Very strong performances from our Retail , Livestock and Real Estate businesses ❖ Strong balance sheet and improvement in cash flows from the prior comparative period ❖ Reconfirmed full year Operating EBITDA guidance of around $ 57 million PGW Chairman Rodger Finlay said " Our strong half year results reflect well on the health of the business and the performance of our people as they continue to deliver for our customers in the agri - sector that is the powerhouse of New Zealand's economy . It is particularly pleasing to be able to report that our Operating EBITDA for the six months to 31 December 2020 was $ 42.1 million ; up 21 % on the same period last year ( 1H20 , $ 34.7 million ) . " PGW delivered a NPAT of $ 18.0 million from continuing operations which was also up 41 % on the corresponding period ( 1H20 , $ 12.8 million ) . " The Directors are delighted with the performance of the business over the first half as PGW has traded very well and executed upon its strategy to drive consistent performance and growth . Our focus remains on serving and adding value to our customers ' businesses by supplying on farm and grower solutions together with leading technical advice . " " We are seeing the results of our continued investment in the business and our customers are also benefitting from the enhancements in the PGW Group offering . Recent examples include the launch of our eCommerce channel last year , our on - farm hybrid bidrⓇ auctions , and the promotion of our popular livestock programme , GO - STOCK . These initiatives , along with the investment we are making in R & D enable us to bring new technically proven products and solutions to the New Zealand primary sector and demonstrates our commitment to innovation and the bright future of the primary sector . ” Mr Finlay said , " Following the strong performance of the business over the first half the Board declared a fully imputed interim dividend of 12 cents per share which will be paid on 24 March 2021 to shareholders on PGW's share register as at 5pm on 3 March 2021 . PGG Wrightson Ltd | NZX Announcement 1