Nuplex boosts full-year earnings 19%; expects final takeover approval next month

Tue, 16 Aug 2016

By Tina Morrison Aug. 17 (BusinessDesk) - Nuplex Industries, which is in the process of being taken over by Allnex Belguim SA, posted a 19 percent gain in annual profit as earnings lifted across all its key markets. Profit rose to $84.4 million, or 44.3 cents per share, in the 12 months ended June 30, from $70.8 million, or 35.6 cents, the year earlier, the Auckland-based company said in a statement. Sales revenue from continuing operations increased 2 percent to $1.38 billion. Nuplex said final approval for the Allnex takeover from th...

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