Nuplex meets guidance with stalled FY earnings growth; shares rise

Thu, 16 Aug 2012

By Hannah Lynch Aug. 17 (BusinessDesk) - Nuplex Industries’ full-year earnings growth stalled, meeting its guidance, as the contribution from newly acquired Viverso and improved resin margins made up for falling volumes and the impact of a high kiwi dollar. The stock climbed on the news. The specialty chemicals company reported earnings before interest, tax, depreciation and amortisation of $131 million in the 12 months ended June 30, little changed from a year earlier. Net profit fell 6 percent to $62.5 million as sales rose 2.6 percent to...

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