Nuplex Industries Limited, the international resins and specialties group has announced that, based on average exchange rates in the first quarter, it expects to report an after-tax profit of between NZ$68 million and NZ$75 million for FY2011. Earnings before interest, tax, depreciation and amortisation (EBITDA) are expected to be in the range of NZ$135 million to NZ$145 million.
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