Australia's Orica falls most since Nov 2023 on full-year rev drop

ORICA

14/11/2024 01:31

** Shares of Orica  ORI.AX  fall as much as 4% to A$16.860;
biggest intraday pct loss since Nov. 1, 2023
    ** Stock the third biggest loser on the benchmark S&P/ASX
200  .AXJO  index
    ** Mining solutions provider's FY24 annual sales rev at
A$7.66 bln ($5 bln), down 4% y/y
    ** Net debt liability at A$720 mln vs year-ago A$68 mln
    ** Stock at its lowest since mid-March
    ** However, ORI up 6.3% YTD

($1 = A$1.5413)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))