3 Nov 2010

Nuplex expecting another record profit

10:30 pm on 3 November 2010

Nuplex is expecting another record profit but warns the surging currencies of New Zealand and Australia could dent earnings growth.

The resins and chemical maker is forecasting a full-year profit of between $68 million and $75 million which, if realised, would break last year's record surplus of $64.2 million.

Nuplex managing director Emery Severin says demand, while patchy, is picking up, but the rising New Zealand and Australian currencies are affecting returns.