17 May 2013

Nuplex shares down

8:13 pm on 17 May 2013

Shares in Nuplex Industries have plunged more than 7%, after the resins maker downgraded its earnings forecast by millions of dollars.

The company blames the strong New Zealand dollar and challenging market conditions.

The company now expects its full year earnings to be between $124 million and $129 million.

This is down from previous forecasts of between $135 million and $140 million.