Australia’s Nufarm Limited on Wednesday reported revenue growth and a net profit of $12 million for the six months ended Jan. 1, powered by strong sales in North America, Europe, Asia, and in the company’s seeds business.
The company is forecasting earnings growth for the full year, with “good sales momentum in most of its major markets and further benefits to be secured from its business improvement program.”
上半年收益受到生产中断的影响，原因是计划升级其 Laverton 制造厂以及巴西具有挑战性的经营条件。
Nufarm Managing Director and CEO Greg Hunt said the first half of the year saw continued execution of the company’s growth strategy, including progress on business transformation projects, the successful acquisition of two product portfolios that will significantly strengthen its European operations; and the Australian regulatory approval of its proprietary Omega-3 canola.
“We are nearing the end of the heavy lifting in terms of cost-out, business change and transformation investment and we are confident we will deliver the $116 million in performance improvement that we promised the market by the end of this financial year,” Hunt said.
He added: “Under our strategy, we’ve focused on core crops and geographies, giving us depth over breadth in our key markets. This strategy is working, with double-digit revenue growth in a number of our regional market hubs around the world.”