Brief: Orica Sees FY24 Capital Expenditure For Underlying Business Slightly Above Range Of A$410 -A$430 Million

ORICA

09/05/2024 02:34

May 9 (Reuters) - Orica Ltd  ORI.AX :
    * SEES FY24 CAPITAL EXPENDITURE FOR UNDERLYING BUSINESS
EXPECTED
TO BE SLIGHTLY ABOVE RANGE OF A$410 MILLION TO A$430 MILLION
    * SEES FY24 NET FINANCE COSTS ARE EXPECTED TO BE IN RANGE OF
A$170
MILLION TO A$175 MILLION
    * DEPRECIATION AND AMORTISATION IS EXPECTED TO BE A$420
MILLION TO
A$430 MILLION FOR FY24
    * SEES EBIT FOR FY2024 FROM UNDERLYING BUSINESS BEFORE
CONTRIBUTIONS FROM TERRA INSIGHTS AND CYANCO EXPECTED TO BE
HIGHER THAN PRIOR YEAR
    * INFLATIONARY PRESSURES, HIGHER ENERGY COSTS, SUPPLY CHAIN
DISRUPTIONS AND GEOPOLITICAL RISKS WILL REMAIN AN ONGOING
CHALLENGE IN FY24
    * INSTALMENT OF TERTIARY ABATEMENT TECHNOLOGY AT OUR YARWUN
PLANT
IS WELL PROGRESSED

Further company coverage:  ORI.AX 

 ((Reuters.Briefs@thomsonreuters.com;))