Orica Ltd
(ASX:ORI) said it expected recent flooding in Queensland to impact earnings.
The world’s top explosives maker expects earnings before interest and tax to be down by $20 million to $30 million for the four months to January 31 this year.
Orica is standing by previous guidance for net profit in 2011 to be higher than the year prior.
The chemicals and explosives group said damage to company assets and inventory had been relatively minor.
Orica posted a $1.35 billion full year profit to September 30, 2010.
