News: ORI Orica Ltd says outlook for 2017 remains unchanged

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    May 16 (Reuters) - Orica Ltd (ORI)

    • Interim ordinary dividend of 23.5 cents per share
    • Outlook for 2017 remains unchanged from November 2016
    • "Cyanide volumes expected to be in line with FY16"
    • For 2017 Minova focused on improving performance under new structure, and expected to remain cashflow positive
    • For 2017 headwinds of approximately $60 million expected from price resets; $50 million to $70 million from previously negotiated material input contracts
    • For 2017 capital expenditure in range of $300 million to $320 million
    • For 2017 increased depreciation and amortisation post Burrup commissioning
 
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Last
$21.37
Change
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