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MARKETS

APA reports strong six months

APA Group reported a strong half-year for the six months ended December 31 but advised it will hit the lower range of earnings guidance for full financial 2020 thanks to the three month delay at the Orbost gas plant where gas from Cooper Energy’s Sole gas project in the offshore Gippsland Basin, Victoria, is due to head. 

Helen Clark
Expect lower end of guidance from Orbost delay 

Expect lower end of guidance from Orbost delay 

The original start up date was last year but was delayed to March, with raw gas expected at the plant later this month.    Revenue excluding pass through was $1.077 billion up 6.4% from $1.012 billion...

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