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.