Company Profile For PGG Wrightson Limited

PGG Wrightson Limited is a New Zealand-based company. The Company is engaged in provision of rural services. The Company operates in segments: Customer Services, which includes rural merchandise, irrigation and pumping services, and livestock marketing and supply; Seed, Grain and Nutrition, including farm consultancy and supply of seeds, grains and feed supplements, and Financial Services, including farm finance, fund management, real estate and insurance services. The Company operates in New Zealand with some operations in Australia and South America. On October 31, 2008, the Company acquired 100% interest in Stephens Pasture Seeds Pty Limited. On July 1, 2008, the Company acquired 51% interest in Romualdo Rodriguez Limited. On July 1, 2008, PGG Wrightson Limited sold its wool operations to Wool partners International Limited. On July 30, 2008, it acquired 51% of interest in Veterinaria Lasplaces, an animal health and rural supplies business in Uruguay.

BRIEF: For the fiscal ended 30 June 2009, PGG Wrightson Limited's revenues increased 9% to NZ$1.28B. Net loss from continuing operation totaled NZ$58.88M, vs. an income of NZ$70.6M. Revenues reflect higher turnover from Seed, Grain & Nutrition and South America segments. Net loss reflects increased cost of sales, lower finance income, higher net interest & finance cost and the presence of loss on equity accounted earnings of associated vs. an income.