Nuplex Industries lifts first-half earnings, full-year guidance

Wed, 17 Feb 2016

By Fiona Rotherham Feb. 18 (BusinessDesk) - Nuplex Industries, which is the subject of a takeover proposal from US-based Allnex Begium SA, lifted profit from continuing operations by 10 percent and upgraded its full year guidance of improved earnings in the Australia-New Zealand region, the Americas and Asia. Profit from continuing operations was $26.8 million in the six months ended Dec. 31, from $24.3 million a year earlier, the Auckland-based company said in a statement. Sales from continuing operations rose 2.1 percent to $700.5 mill...

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