Adds particulars on bushfires and situations in North America
Adds particulars on bushfires and situations in North America
Jan 17 (Reuters) – Australian crop safety agency Nufarm Ltd NUF.AX stated on Friday its first-half core earnings will probably halve from final yr, citing difficult situations throughout its markets and home “excessive weather conditions”.
The corporate, which is scheduled to report outcomes on March 25, stated it expects earnings earlier than curiosity, tax, depreciation and amortization (EBITDA) to be between A$55 million ($37.93 million) and A$65 million.
Nufarm had reported an EBITDA of A$120.9 million within the first half of final yr.
Shares of the corporate slumped as a lot as 15.6% in early commerce to A$5.140, marking their worst session in additional than a month.
The Australian firm, which additionally operates in South America and Europe, flagged that it might undergo a major drop in gross sales again house resulting from “excessive weather conditions” at a time the place the nation is coping with its…