News: NUF Nufarm FY underlying net profit after tax of $108.9 mln, down 7 pct

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    Sept 21 (Reuters) - Nufarm Ltd (NUF) :

    • Full year result and preliminary annual report
    • FY underlying net profit after tax of $108.9 million, down by 7.0 pct
    • FY revenue from ordinary activities up 2 pct to $2.79 billion
    • Revenue growth in a number of the company's businesses is expected to result

      in earnings growth in 2017

    • Directors declared an unfranked final dividend of 7 cents per share
    • The company's performance in Australia is expected to strengthen
    • Outlook for the Australian summer cropping season is positive
    • The company is well positioned to generate growth in the US
    • Net interest expense is expected to be moderately lower in 2017
    • Growth prospects over the medium to long term remain strong
    • Expects to receive almost $50 million from sale of two ex-manufacturing

      properties in Australia, and sale of interest in excel crop care

                            
 
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