Nuplex posts flat 1H profit, warns full year earnings will be at lower end of range as ANZ weighs

Wed, 19 Feb 2014

By Tina Morrison Feb. 20 (BusinessDesk) – Nuplex Industries, the specialty chemicals maker, failed to increase first half profit and warned full-year earnings will be at the lower end of its forecast range as it cuts management jobs at its underperforming Australian and New Zealand units. Net profit was $12.59 million in the six months ended Dec. 31, from $12.62 million in the year earlier period, the Auckland-based company said in a statement. Full-year earnings before interest, tax, depreciation and amortisation will be at the lower end of...

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