16 Dec 2011

Nuplex shares fall after profit warning

8:09 pm on 16 December 2011

The shares price of Nuplex Industries Ltd tumbled on Friday after the resins and chemicals maker issued a profit warning.

Nuplex halved its earnings outlook for 2012, saying earnings will to be flat to 5% higher.

The net profit is expected to be 26% lower for the first six months when the cost of acquiring a company called Viverso are included.

The company attributed the lower profit forecast to the uncertain economic outlook.

Nuplex shares fell more 9% to $2.21.