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doug rathbone

Nufarm to take A$39m charge on Aussie restructure; NZ unit under review

Doug Rathbone, Nufarm managing director

Nufarm earnings to rise at least 15% on Sth America, currency gains

The company typically earns more in the second half of its year, reflecting the major cropping seasons in the Northern Hemisphere and Australia.

Nufarm underlying profit up 18%, near top end of guidance

Back on track after several poor years, helped by a strong performance by its seeds operations.

Nufarm cuts profit guidance by 15%

A month after raising $A300 million in a share placement, chemicals maker Nufarm says it will miss its previous full year earnings guidance by 15%.

Investors responded by hammering the share price, sending it down 11% to $10.73.

The New Zealand-born company, now listed on the ASX with a bevy of kiwi shareholders, says sagging demand for glyphosate and increased competition will effect earnings.

Glyphosate is one of the world's most widely used herbicides.