Must be painful for Gita Wirjawan (owner of Ancora Group) to read financial report of ASX-listed Orica Limited, which posted net profit after tax of $602.5 million, a small increase of 2% from the previous year, but good enough, given the collapse of mining sector. Orica’s subsidiary in Bontang, East Kalimantan is the largest player of ammonium nitrate (raw materials for explosives) in Indonesia. To subscribe please click here
