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ORICA POSTS PROFIT INCREASE

Chemical giant Orica says improved safety at its troubled plant at Kooragang Island in Newcastle is the main reason behind a $267-million half-year profit.

The six per cent increase comes after Orica lost $90-million last financial year, amid several stoppages at the plant related to hexavalent chromium and ammonia leaks.

The incidents led to a parliamentary inquiry and the installation of air monitoring devices.

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