Orica – FY20 Earnings

Orica is under Algo Engine buy conditions and is a current holding in our ASX model portfolios.

ORI reported FY20 results, with EBIT of $605m, (down 9% on the same time last year), and underlying NPAT of $300m.

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To support an improving share price we continue to monitor the potential for faster-than-expected resolution of manufacturing of the Burrup Plant.

FY21 dividend yield is forecast at 2.8%.

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