IHS Chemical Week

Regions :: Australia/New Zealand

Orica reports rise in profits and sales

7:23 AM MDT | May 7, 2013 | Deepti Ramesh

Orica (Melbourne) reports a 5.3% rise in net profits for the fiscal first half, ended 31 March, compared with the year-ago period, to A$266.8 million ($271.8 million). First-half sales increased 1.2%, to A$3.33 billion. The half-year result reflects the early benefits associated with an increased service offering and an improved product mix, in addition to Orica’s renewed focus on better manufacturing performance, the company says. The sales revenue was driven primarily by improved pricing and stronger demand for mining chemicals; stronger underlying...

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