Nuplex shares jump 6.7% on positive outlook for earnings

Thu, 19 Feb 2015

By Tina Morrison Feb. 19 (BusinessDesk) - Nuplex Industries shares jumped 6.7 percent to a three-month high after the specialty chemicals maker confirmed it expects to meet its annual earnings forecast as it benefits from a reorganisation of its business. The company's shares rose 20 cents to $3.20, making the stock the biggest gainer on the benchmark NZX 50 Index today. The Auckland-based company posted a higher first-half profit and reiterated its forecast for annual earnings before interest, tax, depreciation and amortisation from cont...

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