Orica Limited
(ASX:ORI) has reported a full-year net loss of $1.27 billion in the 12 months to September.
The explosives and mining services company recorded a net profit of $602.5 million the previous period.
Revenues for Orica declined 10 percent to $6.123 billion in what was described as a challenging year for Orica, Orica’s customers and the broader industry.
Orica chief executive Alberto Calderon told shareholders that the company’s share buyback program would be cancelled with immediate effect.
Orica will pay a 56c final dividend, partially franked.
