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BRIEF-Orica Ltd says outlook for 2017 remains unchanged

Published 16/05/2017, 08:51 am
© Reuters.  BRIEF-Orica Ltd says outlook for 2017 remains unchanged
ORI
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May 16 (Reuters) - Orica Ltd ORI.AX

* Interim ordinary dividend of 23.5 cents per share

* Outlook for 2017 remains unchanged from November 2016

* "Cyanide volumes expected to be in line with FY16"

* For 2017 Minova focused on improving performance under new structure, and expected to remain cashflow positive

* For 2017 headwinds of approximately $60 million expected from price resets; $50 million to $70 million from previously negotiated material input contracts

* For 2017 capital expenditure in range of $300 million to $320 million

* For 2017 increased depreciation and amortisation post Burrup commissioning Source text for Eikon: ID:nASXbBM76C Further company coverage: ORI.AX

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