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Earnings Analysis: 
Nufarm Net Profit Surges
Author: Trupti Mehta
123jump.com
Last Update: 9:42 AM ET March 31 2009


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Nufarm Limited first-half sales rose 25% to A$1.24 billion and net profit was A$65.7 million or 30.2 cents a share.

 
10:00AM Sydney, Australia - Nufarm Limited sales rose 25% and net profit was A$65.7 million.

Nufarm Limited, an Australian maker of crop-protection chemicals said first-half sales rose 25% to A$1.24 billion from A$990 million a year ago. Net profit in the firs-half was A$65.7 million or 30.2 cents per diluted share compared to net profit of A$4.6 million or 16.4 cents per share, a year ago.

Nufarm Limited, in the last one year traded as high as A$18.50 in May 2008 and as low as A$7.30 in December 2008. Based on the yesterday’s closing price of A$11.30 the company has market cap of A$2.10 billion.
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