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Australia and Brazil hit Nufarm's first-half earnings

A slump in Nufarm's Australian business and a reduced contribution from its 49.9%-owned Brazilian affiliate, Agripec, resulted in a halving of operating profit in the first half of fiscal 2007. Operating profit fell by 57.5% to Aus$13.9 million (US$18.1 million) in the six months to January 31st 2007. This was in line with the company's forecast in December (Agrow No 510, p 3).


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