Orica cautiously optimistic for 2013-14

Group undertaking strategic review of non-mining chemicals business.

Orica (ORI) chairman Peter Duncan has expressed "disappointment" over the group's first fall in underlying profit in 12 years that it posted in fiscal 2013, but maintained a cautious optimism for the year ahead as the chemical company continues to transform its business model.

Orica posted a net profit before materially significant items of $601.6 million in the 12 months to September 2013, a 7.5% decrease on the $650.2 million recorded in the previous corresponding period.

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