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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Orica Limited    ORI   AU000000ORI1

ORICA LIMITED

(ORI)
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End-of-day quote. End-of-day quote Australian Stock Exchange - 05/29
17.18 AUD   -2.72%
05/28ORICA LIMITED : Ex-dividend day for interim dividend
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05/11ORICA LIMITED : - Strong underlying result
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05/05ORICA LIMITED : half-yearly earnings release
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Orica Limited : Orica Says Ready To Resume Restart Of Koorangang Island Plant

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02/05/2012 | 02:06am EDT

Chemicals and explosives maker Orica Ltd. (ORI.AU) said Sunday it is ready to resume the restart of its troubled Koorangang Island ammonia plant north of Sydney after repairing one of the plant's compressors.

The plant has been shutdown since the release of hexavalent chromium, a toxic pollutant, on Aug. 8 as the plant was being restarted after six weeks of scheduled maintenance.

"The restart of a plant such as this is complicated and must be done cautiously. We will not compromise on this restart and if we need to again pause in order to assure its safety, we will do so," Chief Executive Graeme Liebelt said in a statement.

Kooragang site manager Sean Winstone said in a statement the plant restart was expected to resume Tuesday.

The company said during its annual general meeting on Dec. 15 the shutdown had cost the company up to A$50 million (US$53.8 million) to that date, or about A$4 million a week.

Orica has been under close scrutiny following a string of safety breaches at Kooragang and its Botany plant in Sydney in recent months.

A few weeks after the hexavalent incident, Orica said that Kooragang had released chemicals, including arsenic, into the Hunter River.

In December, Orica said there had been a release of mercury from its Botany plant. There was also a fire at Kooragang last month when lightning struck a hydrogen venting stack, but Orica said that the plant wasn't damaged.

Ammonia from the plant is used to produce ammonium nitrate, one of the ingredients used to make mining explosives.

-By Gavin Lower, Dow Jones Newswires; gavin.lower@dowjones.com

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Financials
Sales 2020 5 724 M 3 815 M 3 815 M
Net income 2020 342 M 228 M 228 M
Net Debt 2020 1 944 M 1 296 M 1 296 M
P/E ratio 2020 19,9x
Yield 2020 2,29%
Capitalization 6 969 M 4 627 M 4 645 M
EV / Sales 2019
EV / Sales 2020 1,56x
Nbr of Employees 11 500
Free-Float 99,1%
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Technical analysis trends ORICA LIMITED
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 18,40 AUD
Last Close Price 17,18 AUD
Spread / Highest target 20,8%
Spread / Average Target 7,10%
Spread / Lowest Target -9,49%
EPS Revisions
Managers
NameTitle
Alberto Calderon Chief Executive Officer, Executive Director & MD
Malcolm William Broomhead Chairman
Christopher Roger Davis Chief Financial Officer
Maxine Nicole Brenner Independent Non-Executive Director
Gene Thomas Tilbrook Independent Non-Executive Director
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