Nuplex sees 8.2 % earnings growth in 2015FY as it restructures ANZ

Tue, 04 Nov 2014

By Suze Metherell Nov. 5 (BusinessDesk) - Nuplex Industries, the specialty chemical manufacturer, expects earnings growth of up to 8.2 percent in the 2015 financial year, as it sells businesses in Australian and New Zealand to become solely focused on its global resins business. Annual operating earnings before interest, tax, depreciation and amortisation will be between $127 million and $137 million, up from $125.7 million in 2014, chief executive Emery Severin told shareholders at their annual meeting in Auckland. Last year the Aucklan...

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