Orica Updates Segments and Reports Solid Performance

Orica Limited (AU:ORI) has released an update.

Orica Limited announced changes to its segment reporting following acquisitions of Cyanco and Terra Insights, aligning with its strategy to expand beyond its core blasting business. The company’s second-half performance indicated higher underlying EBIT, strong demand in Blasting Solutions, successful integration of digital offerings, and progress in Specialty Mining Chemicals despite some production setbacks. Orica anticipates a net profit from significant items and expects capital expenditure to be between $450 million and $460 million for the financial year 2024.

For further insights into AU:ORI stock, check out TipRanks’ Stock Analysis page.