Orica Posts Earnings Hike

Orica posted a 7% increase in net profits for its fiscal first half, ended March 31, to A$225 million ($210 million), on sales up 11%, to A$3 billion. The results maintain Orica’s growth momentum and show the resilience of the company’s earnings stream in the face of mixed market conditions and a deteriorating global economy, says Orica managing director Graeme Liebelt. They “reveal the strength of our business model,” he...

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