July 31 (Reuters) - Origin Energy (ORG) on Wednesday said total cash from its stake in Australia Pacific LNG (APLNG) more than doubled during the year and beat its own forecast, helped by higher oil prices.
Origin said it received A$943 million ($648 million) from APLNG in fiscal 2019, outpacing guidance of A$850 million and about 160% higher than the previous year.
For the fourth quarter, electricity volumes in its energy markets fell 4% from a year ago, due to lower customer accounts and usage, Origin said. Quarterly natural gas volumes decreased 16% year-on-year following lower demand from power generators. ($1 = 1.4548 Australian dollars)
News: ORG Australia's Origin Energy says cash from APLNG beats own forecast
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