Two agribusiness companies, Seeka and PGG Wrightson, have raised their forecast earnings for the year, with Seeka expecting profits between $21 million to $25 million, compared to a loss last year, and PGG Wrightson forecasting EBITDA of $51 million. Seeka attributes its improved forecast to strategy, fruit quality, and efficiencies, leading to a dividend declaration of 10c/share. Despite challenging market conditions in the rural sector, positive indicators are emerging, with confidence returning to the dairy sector and a quicker restoration of dividends for Seeka’s shareholders.
Full Article
Prime Minister Christopher Luxon is worried: here’s how you can tell – Audrey Young
Prime Minister Christopher Luxon, facing public discontent as evidenced by his booing at a netball championship, has altered his media strategy, making announcements on Sundays with ministers. Recent announcements included a $6 billion commitment to infrastructure projects and measures to reduce building costs, aiming to enhance government communication amid ongoing criticism. Want More Context? 🔎
Read more