Nufarm tops Australian benchmark stock index on profit jump, outlook

Nufarm

16/11/2022 24:50

** Shares of Nufarm Ltd  NUF.AX  rise as much as 9.5% to
A$5.935, post their biggest intraday pct gain since Feb 3 
    ** Global crop protection and seed technology firm reports
FY statutory net profit after tax of A$107.4 mln ($72.65 mln),
up 65% vs previous corresponding period  urn:newsml:reuters.com:*:nASXbN6zXy
    ** Australia-based NUF declares unfranked final dividend of
6 AU cents per share 
    ** Says on track to meet or exceed FY26 revenue aspirations 
    ** Says planning for modest underlying EBITA growth in FY23
    ** "Constructive FY23 outlook commentary and NUF says it is
on track to meet or exceed FY26 revenue aspirations of over
A$4.6 bln" - brokerage Citi 
    ** Brokerage UBS says guidance commentary points to modest
earnings growth in FY23
    ** NUF top gainer on the benchmark S&P/200 index  .AXJO 
    ** Stock up 11.8% this year, as of last close
($1 = 1.4784 Australian dollars)
 (Reporting by Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))