Orica Limited
(ASX:ORI) says its net profit before one off items fell to $389 million for the year ending 30 September, 7 percent lower than the prior corresponding period.
The company has indicated the 2016 financial year was affected by significant market volatility.
CEO Alberto Calderon says despite this volatility, Orica was able to offset market impacts to deliver a strong result based on actively managing elements of the business within their control.
2017 will see the company continue its program of work focused on optimising operations and embedding efficiencies across the organisation.
A final ordinary dividend of 29 cents per share has been declared, taking the full year payout to 49.5 cents per share.
