Nufarm has estimated that its underlying net operating earnings for the 12 months to July 31, 2011 will be between $88 million and $94 million.
The figure for the same period in 2010 was $58.6 million.
A statement released by the Australian chemicals manufacturer said the estimate excluded the impact of an ongoing legal dispute with a major supplier that is likely to cut its full-year operating profit by $21 million.
July was forecast to be an important earnings month for the business, a reflection of the high level of sales that often takes place during this period.
The company is scheduled to release its full year results to July 31, 2011 in late September.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Xero makes a special alteration to rival's billboard
- Kiwi gains as risk appetite indicators improve, Fed minutes awaited
- Series: Business leaders’ Budget 2017 wish lists – William Rolleston
- While you were sleeping: UPDATED Saudi deals, oil price boost stocks on Wall Street
- Xero wins plaudits for artificial intelligence product suite with revenue potential
Most listened to
- We’re not saying the government needs to just give a handout here," says Fed Farmers chief William Rolleston of his Budget bid
- NBR's Jenny Ruth on the Australian Budget levy on major banks and its impact on smaller banks
- NZ Rugby ceo Steve Tew says balancing broadcasting rights and connection to fans is a delicate balance
- Nevil Gibson reveals what's behind the Chinese takeover pullback and which companies will be targeted in future
- NBR Radio: best of the week ended May 19, with Grant Walker