Nufarm expects underlying annual profit to rise by as much as 18%

Nufarm expects underlying annual profit to rise by as much as 18%
July 26 (BusinessDesk) - Agricultural chemicals company Nufarm said it expects underlying annual net profit will be up between 12.1 percent and 18.2 percent on the previous year although year-end debt will be higher than last year. Nufarm reported bottom line annual losses in both 2011 and 2012. The increased profit is despite variable market and climate conditions around the world while the higher debt reflects later selling seasons in several regional markets including Western Australia and continental Europe. Nufarm said it expects under...