Originally Posted by
Snoopy
For PGW I always go to the 'segmented' results to see how things are progressing. Of note is the livestock turnover, up to $41.454m compared to $29.494m for the comparable prior period. Operating EBITDA has not unexpectedly grown from $1.026m to $3.358m over the same period. The 'Dewd' commented:
"Livestock improved Operating EBITDA by $2.3m. Livestock tallies were broadly in line with the prior corresponding period but prices were higher in cattle and sheep, resulting in higher commission income and earnings."
So no higher throughput of animals which was a bit of a surprise. Could farmers just be sending excess stock straight to the works? Could that jepordise PGWs Livestock earnings in the second half, should the drought continue?
SNOOPY