Nufarm Limited
(ASX:NUF) has reported an underlying net profit of $11.9 million for the six months ended 31 January 2016.
One-off restructuring costs of $102.9 million were booked in the half year, resulting in a reported net loss after tax of $91 million.
The agricultural chemical company said the results were typically dominated by contributions from Australia and Brazil.
CEO Greg Hunt cited margin expansion, reduced net working capital and the benefits resulting from the company’s performance improvement program.
Nufarm will pay an interim dividend of 4 cents per share, unfranked.
