Michael Plank, University of Canterbury; Shaun Hendy, University of Auckland, and Siouxsie Wiles, University of …
Read More »PGG Wrightson take $321M charge on goodwill, operating earnings drop on drought
PGG Wrightson, the rural services company controlled by China’s Agria Corp, took a $321 million charge to write off goodwill from its 2005 merger while posting a decline in operating earnings in line with guidance on the effects of this year’s drought. The net loss was $306.5 million in the 12 months ended June 30, from a profit of $24.5 …
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