Nufarm faces Tuesday on hold after 6% drop, ASX holiday stalls trade ahead of debt plan
Nufarm shares fell 2.42% to A$2.82 Friday on heavy volume, closing out a week shortened by the King’s Birthday holiday. The company’s half-year net profit rose 28% to A$38 million, but APAC earnings dropped 15% amid dry weather and currency pressure. Nufarm aims to cut leverage from 3.6 to 2.0 times earnings by year-end. ASX 200 fell 0.70% Friday, tracking declines on Wall Street.