Nuplex sees 22% 2016 earnings boost on restructure, Asian growth, weak kiwi

Tue, 03 Nov 2015

By Paul McBeth Nov. 4 (BusinessDesk) - Nuplex Industries, whose resins are used in industrial coatings and paint, says annual earnings will rise by as much as 22 percent in 2016, benefitting from last year's restructure, accelerating growth in Asia, and a weaker kiwi dollar. Operating earnings before interest, tax, depreciation and amortisation is forecast to be between $140 million and $155 million in the year ending June 30, up from $127 million a year earlier, chief executive Emery Severin told shareholders at today's annual meeting in...

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