.
Orica Limited (ASX:ORI) has reported a better than expected 5 per cent rise in first-half profit.
The profit for the explosives maker was a recovery on the back of a subdued first half that saw floods hit demand from coal mines.
The company’s chief executive said there was recovery in volumes across markets which, together with modest improvements in pricing, more than offset adverse impacts from natural disasters and foreign exchange movements.
Meanwhile, the company's Minova underground mining technology business, saw earnings fall 16 per cent, due to aggressive competition in North America.
Orica generated a $1.35 billion net profit in the 2010 financial year.
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Last
$21.38 |
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-0.280(1.29%) |
Mkt cap ! $10.23B | |||
| Open | High | Low | Value | Volume |
| $21.80 | $21.80 | $21.37 | $2.292M | 106.5K |
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| No. | Vol. | Price($) |
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| 11 | 514 | $21.38 |
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| Price($) | Vol. | No. |
|---|---|---|
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| ORI (ASX) Chart |