PGGs revenue tops $1b after dairy boom

Revenue at PGG Wrightson has topped a billion dollars and the rural services business says the global outlook for agriculture is strong.

Revenue for the year ending June 30 was $1.22 billion, up from $948.6 million the previous year. Net profit was up more than 80 per cent to $73.2 million.

Chairman Craig Norgate was one of the brains behind the merger of Pyne Gould Guinness and Wrightson in 2005 and became chairman at last year's annual meeting.

The merger had delivered, Norgate said.