KEY POINTS:
Pyne Gould Corporation has soared on its exposure to the agricultural sector and posted a 22 per cent rise in net profit to a record $44.8 million for the year to June 30.
The comparable net profit after tax - re-stated in line with the company's adoption of International Financial Reporting Standards - was $36.7m last year.
All three of Pyne Gould Corp businesses lifted their profits, but the star player was its PGG Wrightson venture, up 75 per cent to $15.8m.
Its finance company, Marac, was much more pedestrian, up 6 per cent at $27.9m, and net profit from its Perpetual Trust business rose 26 per cent to $3.7m.
PGC chairman Sam Maling said PGC declared a fully imputed final dividend of 13c/share to be paid on October 3. On top of the interim dividend of 10c/share paid in March the total dividend is 23c/share an increase of 2c.
- NZPA
