Agria's Subsidiary PGG Wrightson Reports 55% Increase in Operating Earnings

Agria Corporation GRO, a China-based agricultural company with operations in seeds in China and internationally and in agri-services, announced that its New Zealand listed subsidiary, PGG Wrightson Limited PGW, further improved its operating performance, reporting a 55% increase in earnings before interest, tax and depreciation (EBITDA) for the six months to 31 December 2011 of NZ$22.0 million compared to NZ$14.2 million in December 2010. Revenue for the six months to 31 December 2011 was NZ$693.8 million compared with NZ$616.9 million for the six months ended 31 December 2010. Results are for the first six months of PGG Wrightson's fiscal year.