Rural finance firm PGG Wrightson Finance has reported a reduced profit.
The listed company made $3.3 million in the year to June, a decrease of 44% on the previous year.
Net interest income fell 24% to $21.6 million.
PGG Wrightson Finance has been sold by its parent, PGG Wrightson, for $100 million to Heartland New Zealand to reduce debt.
