UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2015
Commission File Number: 001-33766
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AGRIA CORPORATION
_______________________
9th Floor, Phase 1, Austin Tower
22-26A Austin Avenue, Tsim Sha Tsui, Kowloon
Hong Kong
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
AGRIA CORPORATION
FORM 6-K
TABLE OF CONTENTS
SIGNATURE
Exhibit Index
Exhibit 99.1
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
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Agria Corporation |
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By: |
/s/ Wah Kwong Tsang |
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Name: Wah Kwong Tsang |
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Title: Director, as duly authorized signatory |
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Date: August 12, 2015
Exhibit Index
Exhibit No. |
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Description |
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Exhibit 99.1 |
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Press Release |
Exhibit 99.1
![AGRIA_LOGO2](image_001.jpg)
Agria Subsidiary PGG Wrightson Announces
Annual Results for
the Fiscal Year Ended June 30, 2015
HONG KONG, CHINA—August 11, 2015 -- Agria Corporation
(NYSE: GRO) (the "Company" or "Agria"), a global agricultural company, today announced that its New Zealand-listed
subsidiary, PGG Wrightson Limited (NZSE: PGW) ("PGW"), released its financial results for the fiscal year ended June
30, 2015. These results will be consolidated into Agria's results for the fiscal year ended June 30, 2015, which the Company plans
to report to the market later this month.
A copy of PGW's market announcement and its financial results
can be downloaded from: http://www.pggwrightson.co.nz/OurBusiness/MarketAnnouncements.
For the fiscal year ended June 30, 2015, PGW reported operating
earnings before interest, tax, depreciation and amortization (“Operating EBITDA”)(1) of NZ$69.5 million,
up 18% from NZ$58.7 for the prior fiscal year. Operating EBITDA for PGW’s major business segments increased by 7% for Retail,
15% for Livestock and 19% for Seed & Grain.
PGW's board of directors declared a fully imputed dividend of
NZ2 cents per share to be paid on October 1, 2015.
Mr. Alan Lai, Executive Chairman of Agria
and Chairman of the PGW Board commented, “We are very pleased with PGW’s financial results as well as the progress
PGW has made delivering its “One PGW” strategy. Additionally, recent initiatives including the investment in Agrocentro
Uruguay and Grainland in Australia strengthen PGW’s geographic presence and future growth potential.”
Mark Dewdney, Chief Executive of PGW, commented, “This
is a very strong result given the challenges facing some sectors of New Zealand agriculture over much of the year. PGW is not immune
to such challenges, but the diversified portfolio of our agriculture business offers a degree of protection from cyclical volatility
in any individual sector. This is demonstrated by recently released Statistics NZ data that show that in the same period that dairy
exports declined by 24%, the value of fruit exports reached an all-time high in the year up to June, an increase of almost 20%
from the same period last year.”
“Challenging market conditions in the dairy sector have
resulted in reduced demand for some of our lower margin activities, such as grain, fertilizer and supplementary feed, which partially
explains the flat revenue year over year. Despite the challenges facing the dairy sector through June of this year, most of the
financial results of our individual business units have improved. This is due to a combination of PGW’s clear strategic focus,
highly engaged and stable staff, and the strongest product portfolio in the market, backed by deep technical expertise and a constant
focus on building extremely close relationships with our customers.”
“The increase in Operating EBITDA contributed to a net
profit after tax of $32.8 million, which is lower than last year due to a lower effective tax rate and a number of one-off non-operating
gains in the prior year, such as the gain on the sale of our Heartland New Zealand investment.”
Mr. Dewdney concluded, “The headwinds facing the dairy
sector make it challenging to increase our growth for the 2016 financial year. Further improvements in efficiency will be made
within the business, and we will continue to explore new growth opportunities. However, given the current volatility in a number
of markets and the need to assess the likely impact on PGW’s clients, we plan to defer providing a forecast for the current
fiscal year until the annual shareholders meeting in October.”
(1) PGW’s definition of Operating EBITDA:
Earnings before net finance costs, income tax, depreciation, amortization, the results of discontinued operations, fair value adjustments,
non-operating items and equity accounted earnings of associates.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements, including the management's commentary, are made under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes," "estimates,"
"confident" and similar statements. Agria may also make written or oral forward-looking statements in its periodic reports
to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases
and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that
are not historical facts, including statements about Agria's beliefs and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially
from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, those
risks outlined in Agria's filings with the U.S. Securities and Exchange Commission. All information provided in this press release
is as of the date of this announcement unless otherwise stated and Agria does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
About Agria Corporation
Agria (NYSE: GRO) is a global agricultural company with three
principal business segments: Seed & Grain; Crop Protection, Nutrients & Merchandise; and Rural Services. The Seed and Grain
segment is engaged in research and development, production and sale of a broad range of seed products and trading of seed and grain
products globally. The Crop Protection, Nutrients and Merchandise segment operates an extensive chain of retail stores that supply
farm input materials. The Rural Services segment provides livestock trading, wool trading, irrigation and pumping, real estate
agency and other agriservices. For more information about Agria Corporation, please visit www.agriacorp.com.
For more information, please contact:
ICR, LLC
Bill Zima
Phone (U.S.): +1 (203) 682-8233
Phone (China): +86 139 1167 3120
Email: bill.zima@icrinc.com
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