Origin profit up thanks to price rises

ORIGIN Energy’s profits have risen 12% this quarter despite steady production thanks to a rise in the oil price and domestic gas price with its share of Australia Pacific LNG revenue rising to A$640 million over $570 million last quarter AND $475 million the same time last year. 

Origin profit up thanks to price rises Origin profit up thanks to price rises Origin profit up thanks to price rises Origin profit up thanks to price rises Origin profit up thanks to price rises

LNG demand and domgas rise drive Origin profit by 12%

The low Australian dollar against the greenback has pushed Origin's profits upwards also and higher international prices were driven by low gas inventories in Europe after a hot summer, and Ch...