Nufarm's underlying profit up 18 percent , near top end of guidance

Sun, 23 Sep 2012

Sept. 24 (BusinessDesk) - Agricultural chemicals company Nufarm's underlying annual net profit rose 18 percent to the top end of guidance as its business got back on track after several poor years, assisted by a strong performance by its seeds operations. Nufarm's bottom-line net profit returned to positive territory, with A$72.6 million in the 12 months ended July 31, compared with a net loss of A$49.9 million the previous year and net loss of A$22.7 million in 2010. A major factor in the bottom-line turn-around was one-off costs dropping t...

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