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BRIEF-Nufarm FY underlying net profit after tax of $108.9 mln, down 7 pct

Published 21/09/2016, 08:51 am
© Reuters.  BRIEF-Nufarm FY underlying net profit after tax of $108.9 mln, down 7 pct
NUF
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Sept 21 (Reuters) - Nufarm Ltd NUF.AX :

* 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

* Source text for Eikon ID:nASX30cQ9j

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