Orica: Interim result 2014

A poor half-yearly result for this explosives maker wasn't as bad as it could have been.

Fewer explosions at mine sites around the world have led to lower half-yearly profits at Orica. Earnings before interest and tax (EBIT) fell 7% to $402m and net profit was 9% lower at $242m. From earnings per share of 66 cents, down 9%, a 40 cent interim dividend was declared (partly franked, ex date 29 May).


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