Nufarm Limited (ASX:NUF) expects its full year underlying net operating earnings to be at least $30 million more than the year before.
In the 2011 financial year the agricultural chemicals supplier forecasts these earnings to rise to between $88 million and $94 million, from $58.6 million the year before.
Nufarm says this guidance excludes the impact of material items and a $21 million write-down on a receivable that has been in dispute.
The company advises that trading conditions have varied from positive to difficult over the past months.
Nufarm’s full year results are due for release in late September.
In the first half of its 2011 financial year, Nufarm reported a net profit of $4.38 million.
