28 Mar 2011

Nufarm returns to profit

7:28 pm on 28 March 2011

Farm chemicals maker Nufarm has returned to profit as it focuses on developing higher-value products.

The listed company, which makes Roundup, made $A4.4 million in the six months to the end of January, compared to a loss of $40 million during the same period the year before.

Sales rose slightly, up $3 million to $900 million.

Nufarm chief executive and managing director Doug Rathbone says the business has improved significantly in the first six months of the 2011 financial year.

Nufarm expects its full-year operating profit to be a strong improvement on last year's result.