Orica Limited has reported that their 1H17 net profits after tax was $195 million, which beat the expectations of $185 million.
However, ORI shares are down close to 2% at $18.26 as revenues fell and guidance on key Ammonium-Nitrate prices are pointing lower.
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An oversupply of Ammonium-Nitrate will likely act as a drag against future earnings and cap the share price below $19.25.
