Investors give cold shoulder to Nufarm’s return to profit
Nufarm’s revenue and profit surged for the year to September 30, but the farm chemicals group’s share price slid 7.6 per cent to $4.64 after management conceded the global supply chain crunch and raw material costs could pressure margins.
The company delivered net profit for the 12 months to September of $61.1 million, a $134 million turnaround from a $73.1 million loss last year. The improved results reflected higher commodity prices and tight supply, which drove strong demand from farmers and growers.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Agriculture
Fetching latest articles