Agricultural chemicals and seeds supplier Nufarm has lifted its first half underlying earnings guidance, although currency movements and writedowns will curtail profit. Nufarm, which also announced writedowns after dropping some less profitable products, now expects a rise of eight to 13 per cent in underlying earnings before interest and tax (EBIT) after a strong trading performance in January. In December, the company said it expected underlying first-half EBIT to be in line with, or ahead of, last year's first six months.
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