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Agria New Zealand unit sees FY13 EBITDA NZ$48M - NZ$40M

Agria Corporation announced that its New Zealand-listed subsidiary, PGG Wrightson Limited has provided an earnings guidance update. Earnings before interest, tax and depreciation, EBITDA, for the financial year ending June 30, 2013 is forecast to be in the range of NZ$48 - NZ$40M compared with NZ$55M in for the corresponding period last year. The three main factors contributing to the change in EBITDA have been climatic conditions across Australia and New Zealand, lower livestock values and when compared to the last financial year, less earnings from Agri-feeds post disposal to the 4Seasons Feeds Limited joint venture.