Nufarm full year profit downgrade

Company News

by Anna Napoli

Agricultural chemical company Nufarm (ASX:NUF) has announced it expects earnings (EBIT) for the twelve months to July 2018 to be around 5 per cent above the previous year. 

This compares to a guidance of 5-10 per cent growth announced at the time of the company’s first half results.

Nufarm says trading has been impacted by challenging weather conditions across its key regions.

Extended winter weather in both Europe and North America has delayed demand for the company’s products.

Shares in Nufarm (ASX:NUF ) down 1.46 per cent to $8.77
 

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.