Nufarm Limited (ASX:NUF) expects its half year underlying profit to be 15 per cent higher than the previous corresponding period.
The pesticide company has maintained its fiscal guidance after solid performances from South American and European operations.
The offshore performance has offset weaker Australian business, with earnings being negatively impacted by hot and dry conditions in eastern Australia.
Nufarm says the hot conditions have impacted a number of high value market segments, including cotton and horticulture.
The company said that due to the poor first half conditions in Australia, its full year regional result will be lower than that of 2012.
Nufarm generated a net profit of $72.8 million for the 2012 financial year.
NUF Price at posting:
$5.81 Sentiment: None Disclosure: Held
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