Nufarm Limited
(ASX:NUF) has seen net profit more than halve to $8.4 million in the first half of the 2013 financial year.
That was down from $18 million generated in the first half of 2012.
The insecticide manufacturer blamed the disappointing result on the impact of foreign exchange losses on financing activities.
Nufarm also highlighted a strong performance in overseas markets, especially in Brazil, but said seasonal conditions in Australia were dry, hot and consequently hit sales opportunities.
Directors have declared a fully franked interim dividend of 3 cents per share to be paid on May 10.
