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Orica Ltd Lowers FY 2013 NPAT Guidance

Thursday, 18 Jul 2013 10:41pm EDT 

Orica Ltd announced a reduction of earnings guidance for the 2013 financial year following the impact of weaker than expected global economic conditions and higher than expected costs associated with the integration of the ground support business. Group Net Profit After Tax pre individually material items (NPAT) for fiscal 2013 is now expected to be around 10% lower than the prior year subject to global economic conditions (2012 Financial Year NPAT was $650.2 million). According to I/B/E/S Estimates, analysts on an average are expecting the Company to report net income of $665 million for fiscal 2013. 

Company Quote

0.53 +2.60%
11 Jul 2014