NUF focuses on high-margin products, eyes AUD 430-440mn in EBITDA for FY23.

Mon 30 Oct 23, 10:42 PM | Team Kalkine

Image source: Pixabay

Highlights

ASX-listed global firm, Nufarm Limited (ASX: NUF) delivers seed technology and crop protection solutions. The division of Nufram, Nuseed, commercializes and advances plant-based Omega-3 and is also engaged in the commercialization and development of advanced bioenergy feedstock technology.

In the first half of the financial year 2023 (1HFY23), the company witnessed a 9.7% YoY fall in revenue to AUD 1,954.5 million, while the underlying NPAT grew by 6.9% YoY to AUD 142.3 million. Statutory net profit after tax zoomed by 51% YoY to AUD 149 million during the stated period.

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