Orica H1 profit slides

Reduced demand weighs on NPAT but group expects improved result for full year.

Orica's (ORI) first-half profit attributable to shareholders has fallen 7.8%, in line with expectations, as the mining services downturn and reduced demand for its chemicals business weigh.

In the six months to March 31, Orica recorded a statutory net profit after tax of $242.1 million, compared to the $262.5m posted in the same period last year.

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