Oct 12 (Reuters) - Orica Ltd ORI.AX :
* BUSINESS UPDATE - FY20 FULL YEAR RESULTS & AGM-ORI.AX
* SEES FY UNDERLYING EBIT TO BE SLIGHTLY ABOVE $600 MILLION
* EXPECTS TO RECOGNISE ABOUT $170 MILLION (PRE-TAX) OF COSTS IN ITS FY20 CONSOLIDATED RESULTS
* DUE TO PANDEMIC, AMMONIUM NITRATE VOLUMES FOR H2 EXPECTED TO BE CLOSE TO 15% BELOW EXPECTED PRE-COVID-19 VOLUMES
* THERE IS IDENTIFIED REDUCTION IN HEADCOUNT RESULTING IN REDUNDANCY COSTS OF ABOUT $25 MILLION