Business
Why the Nufarm (ASX:NUF) share price is up this morning // Motley Fool Australia
Agrochemicals company Nufarm Limited (ASX:NUF) today reported a significant year-on-year revenue growth of 23% in the 2 months to the end of September. This growth was driven primarily by stronger sales in Australia and Europe.
At the time of writing, the Nufarm share price is trading up 1.45% at $4.21.
What else did Nufarm announce?
The company’s gross profit increased 9% on prior comparative period, while underlying earnings before interest, tax, depreciation, and ammortisation (EBITDA) was up by 18%.
In terms of geographical results, revenues in Australia and New Zealand increased 37%, with improved weather conditions in Australia driving good demand for herbicides. Meanwhile, revenues in Europe also lifted significantly by…
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