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Nufarm Limited (ASX:NUF) has seen net profit more than halve to $8.4 million in the first half of the 2013 financial year.
That was down from $18 million generated in the first half of 2012.
The insecticide manufacturer blamed the disappointing result on the impact of foreign exchange losses on financing activities.
Nufarm also highlighted a strong performance in overseas markets, especially in Brazil, but said seasonal conditions in Australia were dry, hot and consequently hit sales opportunities.
Directors have declared a fully franked interim dividend of 3 cents per share to be paid on May 10.
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$2.56 |
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Mkt cap ! $980.5M | |||
| Open | High | Low | Value | Volume |
| $2.57 | $2.58 | $2.56 | $281.1K | 109.6K |
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| NUF (ASX) Chart |