Origin Energy (ORG) - FY15 result slightly below estimates

Bell Potter

Stockbroker

Origin reported a net loss of $658m, the impairment of ORG’s investment in Contact and depreciation of the A$ on FV of instruments. Divisional EBIT (continuing operations): Energy Markets EBIT was up 21% to $956m due to higher Natural Gas margins and sales volume. E&P was down 51% to $102m on the back of lower liquids production and prices, LNG ($7m) as compared to $12m in pcp. (Contact Energy EBIT down 17% to $298m) Read the full summary here: (VIEW LINK)


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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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