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BRIEF-Nufarm says FY group revenues $2.74 billion, up by 4%

Published 23/09/2015, 08:44 am
© Reuters.  BRIEF-Nufarm says FY group revenues $2.74 billion, up by 4%
NUF
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Sept 22 (Reuters) - Nufarm Ltd NUF.AX :

* Says FY group revenues $2.74 billion, up by 4%

* Says declared an unfranked final dividend of 6 cents per share

* FY statutory net profit after tax of $43.2 million versus $37.7 million

* Cost savings initiatives and performance improvement program are forecast to contribute additional underlying EBIT benefit of at least $20 million in 2016

* Says aim of reducing average net working capital to sales below 40% by July 2016

* Says "company expects to generate growth in the US"

* Performance in Australia is expected to continue to improve"

* El niño weather impact in Brazil is likely to result in stronger demand for both insecticide and fungicide products

* Source text for Eikon ID:nASX3xkZ2d

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