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%.


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