ORG origin energy limited

News: ORG Australia's Origin Energy first-half profit plunges 84%

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    Feb 16 (Reuters) - Australia's Origin Energy (ORG) , a takeover target for a Brookfield-led consortium, on Thursday posted a 83.6% fall in first-half profit, as higher fuel and wholesale electricity procurement costs offset a boost from higher prices for liquefied natural gas and oil.

    The country's No.2 power producer said underlying profit was A$44 million ($30.39 million) for the six months ended Dec. 31, compared with A$268 million a year earlier. ($1 = 1.4480 Australian dollars)

 
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