Nufarm announced solid FY2022 results; shares up by ~8.9%

Nufarm Limited (ASX: NUF) has announced its FY2023 results for the period ended 30 September 2022. The Company announced a strong increase in the earnings driven by growth across all its business segments.

FY2022 Highlights:

• Underlying EBITDA increased 24% to AU$447 million on revenue of AU$3.8 billion, up 17% compared to the previous corresponding period (pcp).
• Statutory net profit after tax grew 65% on pcp.
• NUF declared a final dividend of AU 6 cents per share (unfranked).
• NUF’s Seed Technologies’ underlying EBITDA grew 26% to AU$59 million.

At AEDT 12:17 PM, NUF shares are trading at AU$5.905, up 8.948% from the previous close. 

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