Orica’s 2H18 outlook unchanged, stronger EBIT expected

Company News

by Anna Napoli

Orica (ASX:ORI) has announced its net profit fell by 37 per cent on first half 17 to $124 million for the first half of 2018.
The company’s, revenue strengthened over the period, and lifted 4 per cent to $2.5 billion.

Its earnings (EBIT) fell by 20 per cent on the prior corresponding period, to $252 million.

The company declared an interim ordinary dividend of 20 cents per share unfranked.

Orica says its expecting stronger earnings (EBIT) for the second half of 2018. The company’s second half outlook remains unchanged.

Shares in Orica (ASX:ORI) are trading down 4.53 per cent to $19.37.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.