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Origin Energy's profit jumps on soaring prices
Published Thu, Feb 15, 2018 · 09:50 PM
Bengaluru
ORIGIN Energy, Australia's top power and gas retailer, more than tripled its half-year underlying profit on the back of soaring energy prices and raised its earnings forecast for energy markets, sending its shares up 6 per cent.
Origin also sharpened its target for cutting costs at its Australia Pacific liquefied natural gas (APLNG) project, aiming to break even at US$45 a barrel by June, down from a target of US$48.
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