Nu­farm’s earn­ings up

Townsville Bulletin - - Investor -

AGRI­CUL­TURAL chem­i­cals sup­plier Nu­farm Ltd says its earn­ings prospects for the rest of its 2011 fi­nan­cial year de­pend upon fac­tors that were out­side its con­trol, but ex­pects an im­proved re­sult. Nu­farm yes­ter­day booked a first half net profit af­ter tax of $ 4.44 mil­lion, com­pared to a loss of $ 39.99 mil­lion in the prior cor­re­spond­ing pe­riod. The com­pany said it ben­e­fited from cli­matic con­di­tions in Aus­tralia, an im­proved op­er­at­ing en­vi­ron­ment, a re­struc­ture of its Brazil busi­ness, and higher-value prod­ucts. Nu­farm moved away from sales of weed­killer glyphosate.

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