Australia's Nufarm rises to 10-month high on strong HY earnings, lower annual capex outlook
27/05/2026 02:01
BUZZ-Australia's Nufarm rises to 10-month high on strong HY earnings, lower annual capex outlook ** Shares of Nufarm NUF.AX rise as much as 7% to A$2.74, their highest level since July 24, 2025
** Stock hits its biggest intraday pct gain since April 15
** The agribusiness firm posts H126 underlying net profit after tax of A$52 million ($37.32 million), up 35% from last year
** Targets less than A$200 million in capex for FY26, down from A$246 million a year ago
** YTD, stock up 15.7%
($1 = 1.3935 Australian dollars)
(Reporting by Aamir Sheik Khalid in Bengaluru)
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Australia's Nufarm rises to 10-month high on strong HY earnings, lower annual capex outlook