Nuplex cuts earnings guidance a second time, cites ANZ margin squeeze, flat US result

Mon, 09 Jun 2014

By Jonathan Underhill June 10 (BusinessDesk) - Nuplex Industries cut its full-year earnings guidance for a second time, saying competition across its Australia and New Zealand business has squeezed margins for both resins and specialty chemicals. Earnings before interest, tax, depreciation and amortisation (ebitda) for the 12 months ending June 30 are now expected to be between $121 million and $125 million, compared with guidance issued four months ago for ebitda to fall within the lower end of a range of $130 million to $145 million....

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