Origin Energy Limited
(ASX:ORG) has backflipped from an interim profit to a loss in the first half of the 2015 financial year.
The energy giant booked a net loss of $25 million, sinking from a profit of $322 million the year before.
Origin has attributed the net result to a non-cash impact of the recent depreciation of the Australian dollar.
On an underlying basis the company’s net profit slipped 9 per cent to $346 million as revenue dipped 4 per cent to $6.95 billion.
An unfranked interim dividend of 25 cents per share has been maintained.
