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Orica Reports Rise in Profits and Sales

6:25 AM MDT | May 3, 2011 | Deepti Ramesh

Orica (Melbourne) recorded a 5% rise in net profits before individually material items, for the fiscal first half ended March 31, 2011, to A$264 million ($285 million), compared with the year-ago period. Sales increased 7.6%, to A$2.9 billion.   Orica’s chemicals segment recorded a 5.3% increase in first-half sales, to A$749 million, compared with the same period of the previous year. Ebit for the segment increased 1.2%, to A$94.7 million. “Chemicals achieved a record result with Ebit of $95 million, up 1% on the previous corresponding...

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