Nuplex lifts guidance, citing improved returns from EMEA and Americas

Wed, 11 May 2016

By Jonathan Underhill May 12 (BusinessDesk) - Nuplex Industries, whose independent directors are backing a $1.05 billion takeover offer from Allnex Belguim SA, has raised its 2016 earnings guidance, reflecting a stronger performance in the EMEA (Europe, the Middle East and Africa) and the Americas in March and April. The company said operating earnings before interest, tax, depreciation and amortisation for the year ending June 30 would be in a range of $157 million and $161 million, up from its previous guidance of $145-to-$157 million....

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