Nufarm on track to deliver 5-10% earnings growth

Company News

by Anna Napoli

Agricultural chemical company Nufarm (ASX:NUF) has announced a 46 per cent fall in underlying net profits to $11 million for the half year to January 2018.

Meantime, the company’s total revenue increased by 7 per cent to $1.46 billion compared to the same time last year.

The company’s earnings (EBIT) fell by 12 per cent to $75 million.

Nufarm declared a half year dividend of 5 cents.

The company says they are on track to deliver earnings growth of 5-10 per cent for the full 2018 full year

Shares Nufarm (ASX:NUF) are trading 5.81 per cent higher to $8.74.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.