Origin suffers A$2.3 billion loss

ORIGIN Energy has blamed impairments and low wholesale electricity prices for its A$2.3 billion loss across its full-year earnings this morning, however company chief Frank Calabria told shareholders the company expects a rebound and highlighted the ‘outstanding’ performance of APLNG.

Origin suffers A$2.3 billion loss Origin suffers A$2.3 billion loss Origin suffers A$2.3 billion loss Origin suffers A$2.3 billion loss Origin suffers A$2.3 billion loss

Emphasises strong APLNG performance

Statutory profit came to a loss of A$2.29 billion in FY21 compared to the A$83 million it earned in FY20, while underlying EBITDA reached $2.04 billion, compared to $3 billion the year before.