Nufarm Limited (ASX:NUF) says it expects to generate higher underlying earnings and profit in the current financial year, ending on July 31, 2012.
The agricultural manufacturer expects to record underlying earnings before interest and tax of up to $205 million, compared to $171.8 million the year before.
Nufarm also expects to record an underlying profit of up to $116 million, compared to $91 million the year before.
Nufarm says its Australian business has performed solidly in a very competitive market.
In the first half of the 2012 financial year Nufarm reported a net profit of $18 million.
