Orica Limited
(ASX:ORI) has posted an impressive first half net profit of $267 million – a 6 per cent increase on the same period last year.
The explosives and chemicals manufacturer says the result reflects benefits associated with an increased service offering and an improved product mix , along with a focus on better performance.
The Orica board announced a partially franked interim dividend of 39 cents per share.
The company recorded half year sales revenue of $3.3 billion and net operating cash flows rose to $295 million.
Orica says it expects its full year net profit to be higher than that reported in 2012, subject to global economic conditions.
