CORRECT: Nuplex lifts annual profit 35%, beating estimates; Europe, Asia drive growth

Thu, 13 Aug 2015

(CORRECTS percentage increase in underlying profit in third paragraph) By Paul McBeth Aug. 14 (BusinessDesk) - Nuplex Industries, which makes resins used in industrial coatings and paint, increased annual profit 35 percent, beating expectations, on earnings growth in Europe and Asia. Net profit rose to $70.8 million, or 35.9 cents per share, in the 12 months ended June 30, from $52.4 million, or 26.4 cents, a year earlier, the Auckland-based company said in a statement. That beat Forsyth Barr's forecast for profit of $65.8 million....

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