Nufarm profit lift boosts shares

NUFARM expects another solid year in fiscal 2016 as it continues to cut costs and focus on new and more profitable products.

SHARES in Nufarm have surged after the agricultural chemicals and seed supplier lifted its annual profit by 15 per cent and gave a positive outlook.

NUFARM shares jumped to close up 66 cents, or 9.34 per cent, at $7.73 on the upbeat news as the broader market shed two per cent of its value.