Australia's Nufarm falls most in over 1-1/2 years on bleak HY outlook

Nufarm

01/02/2024 24:17

** Shares of Nufarm  NUF.AX  fall as much as 9% to A$5.080,
their lowest level since Dec. 19, 2023
    ** Stock currently down 6.8%, faces worst day since May 24,
2022, if losses hold
    ** Agricultural chemicals co says as a result of challenging
conditions in crop protection, it now expects earnings to be
less skewed towards first-half than previously indicated
    ** Adds co expects group to return to growth in second half
of FY24
    ** Stock among top losers on benchmark S&P/ASX 200 index
 .AXJO 
    ** Stock has risen 6.9% this year, as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))