Analysts pull back Nuplex profit estimates for coming 3 years as increased rivalry crimps margins

Thu, 12 Jun 2014

By Tina Morrison June 12 (BusinessDesk) - Analysts have pulled back their expectations for Nuplex Industries' profit for the next three years after the chemical manufacturer warned earnings would be hurt by increased competition at its ANZ unit. Expectations for 2014 net income have come back an average 9.5 percent to $55 million, from $56.8 million in 2013, and reduced by an average 9 percent to $62.6 million for 2015 since Nuplex cut its 2014 earnings guidance on June 10, according to Reuters data. Dividends are expected to remain uncha...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Economy the chart
The escalating interest rate outlook
Andy Fyers | Thu, 26 May 2022

Interest rates are rising and so is the Reserve Bank's outlook for how high they will eventually go – and how soon.

Finance
NZ dollar appreciates on RBNZ 50 basis point hike
Ella Somers | Thu, 26 May 2022

The kiwi dollar was trading at US$0.65 and A$0.91 at 5pm in Wellington yesterday, up from US$0.64 and A$0.90 the day before.

Energy
Forget the hydrogen hype: show me the money – Meridian
Ian Llewellyn | Thu, 26 May 2022

There will be no 'If we build it, they will come' mentality in the decision-making process about making hydrogen in New Zealand.

Partner content
Small business lessons for attracting and retaining staff

Employers battling through the ‘Great Resignation’ are now faced with the ‘Great Brain Drain’.

Partner content
People leaders are key to wellbeing but still need help

One in three people say they have experienced an issue with an unsupportive manager