Orica’s net profit surges by ‘more than double’ to $337.5m
Sky News Business Editor Ross Greenwood says the world’s largest explosives manufacturer Orica has “more than doubled” their net profit to $337.5 million.
Orica’s net profit surges by ‘more than double’ to $337.5m
With the backdrop of this week’s interest rates decision and the forthcoming budget, a range of companies are today reporting their latest profits.
“Revenue in the past half year down by 8.5 per cent but its profit is stronger,” Mr Greenwood said.
“That’s because it has actually improved its operations during that period of time.
“Orica is an important ingredient in Australia’s economy, not just for the mining industry.”