Australia's Orica jumps as traders cheer earnings outlook, higher dividend

ORICA

08/05/2025 01:49

Corrects bullet number 4 to say interim dividend is 25 Australian cents/share, not 0.25 Australian cents

** Shares of Orica Ltd ORI.AX rise 7.4% to A$18.01, their highest point since December 13

** Stock is top gainer in the benchmark index .AXJO

** The infrastructure solutions firm says it expects FY2025 EBIT to increase y/y despite posting a HY statutory net loss after tax of A$89 million ($57.24 million)

** Declares interim dividend of 25 Australian cents per share vs 19 Australian cents per share last year

** Stock posts biggest intraday percentage gain since November 9, 2022

** Stock up 8.2% YTD, including moves in current session

($1 = 1.5550 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))