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Orica Reports Rise in Profits and Sales

12:18 AM MST | November 7, 2011 | Deepti Ramesh

Orica (Melbourne) reported a 4% rise in net profits before individually material items for the full fiscal year ended September 30, 2011, to A$642 million ($664 million), compared with the previous fiscal year. Sales increased 6.4%, to A$6.18 billion. Orica’s chemicals segment recorded a 5.8% increase in full-year sales, to A$1.51 billion, compared with the previous fiscal year. Ebit for the segment increased 4.3%, to A$196 million. “Chemicals achieved another record result with Ebit of A$196 million, up 4%. This result was achieved despite lower...

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