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Nufarm's first half soars on Agripec consolidation

The consolidation of Nufarm's Brazilian business, Agripec, contributed to a 70.6% rise in the Australian company's sales to Aus$989.9 million (US$861 million) in the six months to January 31st 2008. On a pro forma basis, sales rose by 31.4%, according to preliminary figures issued last month. Agripec was accounted for on an equity basis during the first half of fiscal 2007, but sales were consolidated after Nufarm acquired the outstanding 50.1% stake in the business on June 1st (Agrow No 521, p 3).


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