The Country 05/08/26: Riley Kennedy talks to Jamie Mackay

BusinessDesk rural correspondent on the upcoming reporting season and strong results expected from rural servicing companies. Plus, why the rural economy is outperforming many urban centres.

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Episode Transcript

Speaker 1 (00:00):
Wrapping the country has some more of your feedback luxing
is Luxeon is digging a big hole for himself. Unemployment
high nine million, on prisoners massaging. Yes, I agree with you.
That's terrible. And now he's keeping us in the Paris
agreement from Clinton. Didn't want a bar of it. What
do you think, Riley Kennedy, Rural Broadcaster of the Year

(00:21):
and leading rural journalists for Business Desk that I'd put
two business desks in there. I think I might have
how are you good?

Speaker 2 (00:29):
Soon? I should also add that my job title is
now extended to your desperate correspondent.

Speaker 1 (00:35):
Yeah. Well it's normally someone like Rocks, but I had
him on he was my desperate correspondent last week. Hey,
on a serious note, you do a really good job.
And I would encourage people to subscribe to business Desks.
There's always good lots of rural stories in there. And
next week and I think on Tuesday I might be
speaking to Steven Gerrin from Chief Executive a PGG Rights

(00:57):
and its reporting season and we would expect a lot
of these rural service and companies Riley, to have good
results this year. If they're not going to get a
good result this year, I'll never get one.

Speaker 2 (01:08):
Yes, there's a look free. It sort of kicks off
of it was sort of started this week. Actually, the
Ravenstown reported on Monday they had a good result back,
paying a rebates for the first time since twenty twenty two.
So these sharholders will be very pleased with getting fifteen
dollars a conback. On Friday, we have TMG Global which
is divesting its fresh business, and then next week it
sort of really ramps up. We've got PGD Rights and

(01:31):
a Too Milk the week after and a whole lot
of other companies, and then it sort of will really
run through until late next month when you've got Fontier
in the sin lads. But if you can't make money
this year, you're probably not going to. I know PGD
Rights in the their half year had a really good result.
I think they were on track to hit To correct

(01:51):
me if I'm wrong, he had nearly a billion dollars
in revenue. And you know, obviously people have just got
a lot more money, a lot more spending power, and
they obviously showed up in Ravenstone result. You know, I
think the revenue is up quite a bit. Can't remember
the figure off the top of my head, the volumes
are up, people have a lot more spending power so
and I think that'll really show the two speed of
two speed economy. I know you're talking about it earlier

(02:14):
that here in the cities things are not doing too
well as in Wellington for the last couple of weeks
and things are pretty bad there. But you go out
but below the Bombays and north of the Narrowing Gorge
and things are looking pretty good.

Speaker 1 (02:27):
Well, Rileigh, I'm sure you did your bit to improve
the economy in Courtney place.

Speaker 2 (02:33):
I can neither confirm nor deny.

Speaker 1 (02:35):
You're happy to be the MP for Taro. Thanks for
your time there We go, Riley Kennedy from Business Desk