Orica Limited provided earnings guidance for the Fiscal Year 2020. At the half year results on 8 May 2020, Orica provided a full year outlook based on its view of mining activity at that time, stating that the company expected Ammonium Nitrate (AN) volumes for the second half of FY20 to be 10% to 15% the expected pre-COVID-19 volumes. Due to the pandemic impacting developing markets more severely for longer, AN volumes for the second half of FY20 are now expected to be close to 15% below the expected pre-COVID-19 volumes. Higher supply chain costs, largely freight, continue to impact the business as company support customers' operations during the pandemic. The Company expects FY20 underlying EBIT to be slightly above $600 million.