Orica posts record first-half earnings and higher dividend

Orica shares surge on record half

Image: Orica Shares in Melbourne-based explosives and chemicals group Orica jumped more than seven per cent in the past 24 hours after the mining services company posted record first-half earnings and reaffirmed its expansion strategy in the US. “During the first half, we also made progress towards securing long-term diversified ammonium nitrate supply in North America, strengthening resilience and supporting security of supply for our customers…

Orica posts record first-half earnings and higher dividend

The Orica Ltd (ASX: ORI) share price is in focus after the company reported record first-half EBIT of $512 million, up 5% year-on-year, and an 8% rise in underlying net profit after tax to $283.1 million. What did Orica report? Sales revenue of $3,884.2 million, down 1% from the prior half EBIT of $512.0 million, up 5% Net Profit After Tax (pre-significant items) of $283.1 million, up 8% Earnings per share (pre-significant items) of 60.7 cents,…