News: NUF Nufarm Ltd says HY underlying net profit after tax was $19.8 million

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    March 22 (Reuters) - Nufarm Ltd (NUF)

    • HY group revenues increased by 15% to $1.36 billion
    • HY underlying net profit after tax was $19.8 million, up 67%
    • directors approved a 25% increase in half year dividend, which will be 5 cents per share
    • "Company remains on track to deliver improved earnings growth for full year"
    • "Expect global crop protection market to remain very competitive"
    • "Nufarm's business in Latin America will be impacted by negative market conditions in Argentina"
    • "Management expects net interest expense for full year to be moderately lower"
    • Expects average net working capital to sales percentage to be lower than in previous year
    • "Management expects to be a slightly improved second half result than in previous year"
 
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