Melbourne—Orica reported net profit after tax (NPAT) of A$149 million on sales revenues of $2.55 billion for the six months ending March 31, 2016, down 33 percent from the year-ago $222.1 million and $2.81 billion. Before a $41 million tax-related expense, NPAT was $190 million, which was down only 10 percent from the year-ago period. Ammonium nitrate volumes were down 8 percent, to 1.71 million mt from the year-ago 1.86 million mt. “Market conditions deteriorated more than we anticipated during the half marked by increased volatility,” said CEO Alberto Calderon. “It is expected the market will remain challenged for the foreseeable future. Regardless, our continued focus will be on business improvement initiatives, capital discipline, and customer relationships.”
Transparency Across the Fertilizer Value-Chain