Nuplex sees full-year earnings at bottom of range, second-half trading as expected

Mon, 04 Jun 2012

June 05 (BusinessDesk) - Nuplex Industries, the specialty chemicals maker, said full-year earnings would be at the bottom end of its range although second-half trading has met expectations and margins have improved. The shares rose about 0.9 percent in a falling market. Earnings before interest, tax, depreciation and amortisation will be about $131 million, in line with its 2011 results, the Auckland-based company said in a statement. It had previously flagged earnings growth would be “flat to 5 percent year on year.” “During the period, in...

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