Orica (ASX:ORI) Hits Record Efficiency Despite Margin Squeeze
Highlights Orica delivered record return on net assets even as a margin squeeze tested the strength of its underlying earnings narrative. Statutory profit was dragged down by substantial litigation and restructuring costs despite solid growth in underlying earnings. The explosives and mining services group maintains one of the longer continuous dividend-paying streaks among industrial names on the exchange. Orica (ASX:ORI) delivered a result showing underlying earnings growth and a record ret...