Lattice-free Origin drives turnaround

DELIVERING its first annual report without the bulk of its upstream assets, the biggest change to Origin Energy for 18 years, the LNG producer and energy retailer has delivered a statutory profit of A$218 million transforming last year’s loss by $2.4 billion.

Lattice-free Origin drives turnaround Lattice-free Origin drives turnaround Lattice-free Origin drives turnaround Lattice-free Origin drives turnaround Lattice-free Origin drives turnaround

Origin is transforming its generation assets.

The profit was driven by a 21% improvement in the energy markets unit with an underlying EIBITDA of $1.8 billion and a 67% improvement in the EBITDA for the integrated gas business to $1.

topics

loader