ORG origin energy limited

News: ORG Australia's Origin Energy annual profit soars 30%

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    Aug 18 (Reuters) - Australia's Origin Energy Ltd (ORG) on Thursday posted a 30% jump in annual underlying profit, boosted by higher prices for liquefied natural gas (LNG) and oil as Western sanctions on Russia exacerbated a global commodity supply crunch.

    The power producer's underlying profit came in at A$407 million ($282.30 million) for the year ended June 30, compared with A$314 million a year earlier, but fell short of Refinitiv IBES estimates of A$537.5 million.

    ($1 = 1.4418 Australian dollars)

 
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