NUF
Nufarm Limited (NUF) is a company engaged in manufacturing and supplying a variety of agricultural chemicals that are used by farmers in protecting the crops from being damaged by pests, weeds, and disease. NUF was listed on the Australian Stock Exchange on the 10th of November 1988. Its average annual revenue reaches approximately $1.7 billion out of its issued capital of $155 million. Its headquarters is located in Laverton North, Australia and to date; around 2,300 people are employed in the company.
Float
Nufarm (ASX:NUF) remains upbeat for the new financial year as it forecast a boost in underlying earnings despite a loss of nearly $50 million due to one-off write-downs.
The farm chemicals group posted a net loss of $49.9 million for the 12 months to the end of July, up from a $22 million loss last year. Without the $148 million losses, however, underlying profit rose 68 percent to $98.2 million.
Nufarm Limited (ASX:NUF) was forced to cut down its full year profits by $21 million due to a dispute with a supplier. It was unable to reach an agreement with the disgruntled supplier over claims related to their sales of glyphosate, which is one of the company's main ingredients for weed killers.
After Nufarm Limited (ASX:NUF) chief Doug Rathbone sold 4.5 million shares to Japanese firm Sumitomo Chemicals, Sumitomo said that it plans to further increase the stake by adding 1.3 percent to the 21.7 percent already acquired. According to the Sumitomo statement, the purchase of additional shares is planned in the next six months.
Learn Stock Market Bottom Ten Performers ASX 200 on the ASX 200 for the week. These stocks decreased their share price by the largest percentage on the Australian sharemarket, the Australian Securities Exchange (ASX) from the previous week of trading (13th week: 28th March to 1st April 2011). Other lists of ASX companies by Market capitalisation.
Market Analysis Best Stocks on the ASX 200 companies this week. These stocks increased their share price by the largest percentage on the Australian sharemarket, the Australian Securities Exchange (ASX) from the previous week of trading (1st week: 3rd January to 7th January 2011). Other lists of Australian companies by market capitalisation.
Strong Weekly Gaining Stocks on the All Ordinaries companies this week, on the Australian Securities Exchange (ASX) this 52nd week: 29th December to 31st December 2010. These stocks increased their stock price by the largest percentage on the Australian sharemarket. Stocks in this list this week include: SBM, ABP, IDL, KRL, ISF, JHX, DML, RXM, NUF, RRL, LNC, SAR, RED, BOC, KAM.
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