PGG Wrightson eyes higher earnings

PGG Wrightson believes it can better the $58.7 million operating earnings achieved in the year to 30 June 2014.

Chief executive Mark Dewdney has told this to shareholders at today's annual meeting in Napier.

He says, while the reduction in the forecast dairy pay-out for the current season creates a significant degree of uncertainty, the outlook for core sheep, beef, arable, horticulture and viticulture markets is positive.

Mr Dewdney says confidence in these sectors remains high, supported by solid prices, a lower New Zealand dollar, and, so far at least, generally good weather.