News: ORI Orica Ltd posts FY NPAT before individually material items of $389 mln

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    Nov 4 (Reuters) - Orica Ltd (ORI) :

    • FY NPAT before individually material items of $389 million
    • FY consolidated revenue from operations down 16.8% to $5.09 billion
    • Final dividend of 29 cents per share
    • "Board expects the total payout ratio to be in the range of 40 to 70 percent of underlying earnings"
    • "Also expected that the total dividend paid each year will be weighted towards the final dividend"
    • "Continued focus on capital discipline will see FY17 capital expenditure in the range of $300 million to $320 million"
    • "Headwinds of about $60 million expected from price resets; $50 million to $70 million from previously negotiated material input contracts" for FY17
    • FY 17 effective tax rate (excluding individually material items) to be marginally higher than FY16
 
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