Orica jumps on profit outlook

Group warns on volatile conditions, lifts full-year profit after writedowns of $247m skewed previous year's result.

Shares in chemicals company Orica Ltd have surged after the group said it was confident it would improve on its full-year profit from fiscal 2013, despite warning volatile conditions will add a greater degree of uncertainty to the trading environment in the year ahead.

At 1540 AEDT, Orica shares were 10.64% higher at $21.62, against a benchmark index fall of 0.43%.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles