The explosives and blasting giant, Orica
(ASX:ORI) has reported its net profit after tax fell 0.7 per cent on FY16 to $386.2 million for the 2017 year ending 30 September.
Its revenue also saw a softer 2017 and fell 1 per cent on FY16 to $5.04 billion.
Its earnings before tax (EBIT) fell 1 per cent to $635.1 million.
The company declared a final unfranked dividend of 28 cents per share, and an interim dividend of 23.5 cents, 3 per cent franked.
Unfortunately, over the period, the group saw 2 fatalities. Also over the same period its product volumes rose, and its return on assets rose while its gearing dropped.
Shares in Orica
(ASX:ORI) are trading about 7.6 per cent lower to $19.75
