Orica Full-Year Net Profit Drops 37%

Orica Ltd OCLDY reported a 37% drop in its full-year net-profit. Orica's net profit for the year declined to 402.8 million Australian dollars (US$418.6 million), versus A$642.3 million, in the year-ago period. Its net profit excluding impairment charges rose 1.2% to A$650.2 million. Orica shares closed at $26.15 on Friday.