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Orica Reports Rise in Profits

12:58 AM MST | November 10, 2010 | Deepti Ramesh

Orica recorded a 4.6% rise in net profits before individually material items, for the fiscal year ended September 30, 2010, to A$676 million ($678 million). Sales however decreased 11.8%, to A$6.53 billion. Orica’s chemicals segment recorded a 7.8% fall in full-year sales, to A$1.42 billion although chemicals Ebit increased 10%, to A$188 million. “Chemicals achieved a record result with Ebit up 10% to $188 million,” says Graeme Liebelt, managing director & CEO of Orica. “There has been a steady recovery in chemical markets in...

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