BRIEF-Nufarm Posts FY Revenue From Ordinary Activities Of $3.76 Bln

  • Reuters
  • Stock Market News
BRIEF-Nufarm Posts FY Revenue From Ordinary Activities Of $3.76 Bln
Credit: © Reuters.

Sept 30 (Reuters) - Nufarm Ltd NUF.AX :

* FY REVENUE FROM ORDINARY ACTIVITIES $3.76 BILLION VERSUS $3.31 BILLION

* DIVIDEND SUSPENDED FOR FY19

* NUFARM - UNDERLYING NET PROFIT AFTER TAX DOWN DUE TO IMPACT OF A FULL YEAR OF DEPRECIATION AND AMORTISATION RELATING TO ACQUIRED EUROPEAN PORTFOLIOS

* FY NET PROFIT ATTRIBUTABLE TO MEMBERS BEFORE MATERIAL ITEMS $89.1 MILLION VERSUS $98.4 MILLION

* ANNOUNCES ITS INTENTION TO DIVEST CROP PROTECTION AND SEED TREATMENT ASSETS IN SOUTH AMERICA FOR CASH PROCEEDS OF $1,188 MILLION

* DIVESTMENT FOR CASH PROCEEDS OF $1,188 MILLION AND CUSTOMARY NET WORKING CAPITAL ADJUSTMENTS ON COMPLETION

* NUFARM WILL CONTINUE TO OPERATE THESE BUSINESSES UNTIL COMPLETION OF TRANSACTION

* NUFARM - RESOLUTION OF SUPPLY ISSUES THAT IMPACTED PRODUCT AVAILABILITY IN EUROPE IN 2019 IS EXPECTED TO CONTRIBUTE POSITIVELY TO EARNINGS FOR 2020

* PERFORMANCE IMPROVEMENT PROGRAM IN AUSTRALIA FORECAST TO DELIVER EBITDA OF BETWEEN $10 MILLION TO $15 MILLION IN 2020

* FOR 2020, CAPITAL EXPENDITURE IS FORECAST TO BE APPROXIMATELY $150 MILLION

* NUFARM- FORECAST NET INTEREST EXPENSE OF $105 MILLION-$110 MILLION IN 2020 INCLUDES ESTIMATED $30 MILLION OF INTEREST COSTS RELATING TO SOUTH AMERICAN BUSINESSES

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100