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Earnings Analysis: 
Orica Net Down 75%
Author: Trupti Mehta
123jump.com
Last Update: 10:41 AM ET May 03 2010


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Orica Limited first half sales fell 19% to A$3.23 billion and net profit fell 75% to A$55.1 million or 13.5 cents a share.

 
12:41 AM Sydney, Australia – Orica Limited sales fell 19% and net profit fell 75%.

Orica Limited, the explosives maker said first half sales fell 19% to A$3.23 billion from A$4 billion a year ago. Net profit for the first half fell 75% to A$55.1 million or 13.5 cents per diluted share compared to net profit of A$220.4 million or 56.4 cents per share a year ago.

Orica Limited, in the last one year traded as high as A$27.75 in March 2010 and as low as A$16.63 in May 2009. Based on the yesterday’s closing price of A$27.48 the company has market cap of A$9.89 billion.
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