Nufarm (ASX:NUF) reports first half loss $122 million

Company News

by Rachael Jones

Chemicals and fertiliser business Nufarm (ASX:NUF) has reported its net loss for the first half of 2020 of $122 million compared to the first half of 2019 where it was $14 million.

Revenue is down 6 per cent to $1,477 million for the six month period ending January 31, 2020.

Underlying EBITDA of $66 million, down 45 per cent.

Nufarm Managing Director and Chief Executive Officer, Greg Hunt says they have made significant investments in European, Nuseed and North American businesses in recent years.

Shares in Nufarm (ASX:NUF) are trading 11.6 per cent higher at $4.71.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.