ORG origin energy limited

News: ORG Australia's Origin Energy's annual profit rises more than 83%

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    Aug 17 (Reuters) - Australian power producer Origin Energy (ORG) on Thursday reported an 83.5% jump in its annual profit, helped by improved earnings across energy markets and integrated gas segments.

    Origin, which agreed to a A$15.35 billion takeover offer by a Brookfield-led consortium BAM.TO , posted an underlying profit of A$747 million ($479.95 million) for the year ended June 30, compared with A$407 million a year earlier.

    Analysts on average estimated A$638.76 million profit, according to Refinitiv data.

    ($1 = 1.5564 Australian dollars)

 
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