Orica (ASX: ORI) hopes to end FY23 on a strong note amid recovery in global commodities demand.

Wed 05 Jul 23, 09:42 AM | Team Kalkine

Mark Agnor @shutterstock

Orica Limited (ASX: ORI) is an ASX-listed mining and infrastructure solutions provider. It produces and supplies explosives, blasting systems, geotechnical monitoring, and mining chemicals. The company has been operating for nearly 150 years, and currently, it operates with over 12,000 employees. It is also a leading supplier of sodium cyanide for gold extraction.

For the half year ending 31 March 2023, Orica delivered 32% growth in its underlying EBIT to AUD 323 million compared to AUD 244.9 million in the previous corresponding period (pcp). Meanwhile, its revenue from continuing operations jumped by 31% year-on-year to AUD 3,998.4 million.

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