Morgans analyst Belinda Moore said Orica was poised for a better year in the 2020-21 financial year, the business had growth potential and its key Australian arm was performing well."We expect earnings growth in 2020-21 versus 2019-20, given they've got a number of growth projects and some of the regions are unaffected," she said."We expect a better year," she said.Orica's 2019-20 financial year earnings were affected by disruptions to mining activity in some countries because of COVID-19 outbreaks and restrictions."As we know some of their operations, particularly in emerging regions such as Latin America, have been severely impacted by COVID, mine shutdowns and everything else and rising cases. It's been a tough second half but the good thing is the result has largely come in in line with consensus," Ms Moore said.
ORI Price at posting:
$15.21 Sentiment: Buy Disclosure: Held
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