Melbourne — Orica Ltd. reports that ammonia production at Kooragang Island has finally resumed. The plant closures (both ammonia and ammonium nitrate) are estimated to have adversely impacted earnings before interest and tax by approximately A$90M this financial year. This will impact earnings in the first half of the financial year; however, in light of strong underlying demand conditions, Orica continues to expect group net profit after tax (pre individually material items) to be higher than that reported in 2011 for the year ending Sept. 30, 2012, subject to global economic conditions.
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