Nufarm
(ASX:NUF) told shareholders at its annual general meeting today that it expects first-half earnings to be lower than the same period a year ago but said full year operating profit will beat the 2009 result.
The fertiliser firm and takeover target said it would consider alternative offers to the Sinochem deal and that deal is dependent on the offer price remaining at $13 per share.
The deadline for an agreement with takeover suitor Sinochem moved to December 23 after the Chinese state owned company said it needed more details for its due diligence process this week.
Nufarm has reported declining net profits for the past 2 financial years.
