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Article: AUSTRALIA'S NUFARM DEFENDS TIMING OF PROFIT DOWNGRADE.(Financial report)

Article from:
AsiaPulse News
Article date:
September 4, 2009
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MELBOURNE, Sept 4 Asia Pulse - Australian agricultural chemicals supplier Nufarm Ltd (ASX:NUF) has defended the timing of its release of information related to downgrade of its forecast full year operating profit.

Nufarm has slashed its forecast annual operating profit by 34 to 39 per cent over recent months as key markets for the weedkiller glyphosate deteriorated.

Nufarm said on Friday that the impact of the decline in the glyphosate market on the company's annual financial results for 2009 "has still not been finally determined".

The company is expected to report its annual results on September 28.

The Australian Securities ...

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