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BRIEF-Orica Ltd posts FY NPAT before individually material items of $389 mln

Published 04/11/2016, 08:55 am
Updated 04/11/2016, 09:00 am
© Reuters.  BRIEF-Orica Ltd posts FY NPAT before individually material items of $389 mln
ORI
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Nov 4 (Reuters) - Orica Ltd ORI.AX :

* FY NPAT before individually material items of $389 million

* FY consolidated revenue from operations down 16.8% to $5.09 billion

* Final dividend of 29 cents per share

* "Board expects the total payout ratio to be in the range of 40 to 70 percent of underlying earnings"

* "Also expected that the total dividend paid each year will be weighted towards the final dividend"

* "Continued focus on capital discipline will see FY17 capital expenditure in the range of $300 million to $320 million"

* "Headwinds of about $60 million expected from price resets; $50 million to $70 million from previously negotiated material input contracts" for FY17

* FY 17 effective tax rate (excluding individually material items) to be marginally higher than FY16 Source text for Eikon: ID:nASX8v4NnS Further company coverage: ORI.AX

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