Why the Nufarm (ASX:NUF) share price finished 7% higher today

The Nufarm Limited (ASX: NUF) share price ended the day higher after the company provided a financial update for the start of FY21. At market close, shares in the Agrochemicals company finished at $5.02, up 7.9%.

Let’s take a closer look and see how the Nufarm business tracked for the period.

Financial highlights

The Nufarm share shot up today as investors appear to be upbeat at the company’s future earnings release.

According to its release, the company delivered a robust performance in the new financial year.

For the four months ending 31 January, Nufarm reported total group revenue of $845 million. This represented a lift of 17% on the prior corresponding period (1 October 2020 to 31 January 2021).

The company stated that it…