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Orica profit jumps on demand for explosive technology

Mark WembridgeResources reporter

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Chemicals and explosives maker Orica has posted a jump in full-year profit, buoyed by increased demand for its higher-margin digital products and new blasting technology.

The world’s largest manufacturer of commercial explosives on Thursday posted $525 million net profit, a 77 per cent increase over last year.

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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au

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