Aug 19 (Reuters) - Australia's Origin Energy Ltd (ORG) on Thursday posted a 68% drop in annual underlying profit, and booked impairment charges of A$2.3 billion ($1.66 billion) from a collapse in wholesale electricity prices.
The electricity and gas retailer said underlying profit was A$318 million for the year to June 30, compared with A$1.02 billion last year. Analysts had expected A$275.6 million, according to Refinitiv IBES data.
($1 = 1.3816 Australian dollars)
News: ORG Australia's Origin Energy annual profit falls 68%
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