Integrated energy company Origin Energy (ORG) has reported a 61% fall in FY net profit to $378M

CommSec

Integrated energy company Origin Energy (ORG) has reported a 61% fall in FY net profit to $378M. Underlying profit, which is more closely watched by the market, fell 15% to $760M in line with forecasts. ORG has not given any FY14 guidance but FY15 revenue is expected to grow when the Australia Pacific Liquefied Natural Gas (APLNG) project in Queensland comes online. An unfranked final dividend of 25c per share will be paid to shareholders on the 27th September. For more information visit: (VIEW LINK)


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