News: ORI Australia's Orica reports 0.7 pct fall in annual underlying profit

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    Nov 6 (Reuters) - Australia's Orica Ltd (ORI) , the world No. 1 supplier of commercial explosives, on Monday reported a 0.7 percent fall in annual underlying profit hurt by an environment of lower commodity prices and the impact of a stronger local currency.

    Orica said consolidated underlying profit before individually material items for the year ended Sept. 30 was A$386.2 million ($295.29 million) from A$389.1 million a year ago.

    The industrial explosives supplier declared final dividend of 28 cents Australian per share, compared with 29 cents per share declared the year earlier.

    ($1 = 1.3079 Australian dollars)

 
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