Update: Nuplex shares gain after 35% profit rise; turnaround complete

Fri, 14 Aug 2015

(Recasts and adds share price, CEO, analyst comments) By Fiona Rotherham Aug. 14 (BusinessDesk) - Shares in Nuplex Industries, which makes resins used in industrial coatings and paint, rose 2.2 percent after the company announced a 35 percent increase in annual profit, beating expectations, on earnings growth in Europe and Asia. Net profit rose to $70.8 million, or 35.9 cents per share, in the 12 months ended June 30, from $52.4 million, or 26.4 cents, a year earlier, the Auckland-based company said in a statement. Stripping out the...

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