Origin Energy (ASX:ORG) reported a statutory loss of $207 million in the six months ending December, driven by impairment or write-down of $533 million after tax.
Despite this, its underlying profit rose by $255 million to $428 million driven by earnings growth in the energy markets and Australia Pacific LNG.
And its underlying earnings or EBITDA from continuing operations increased $502 million, or 51 per cent, to $1.5 billion.
Operating cashflow firmed higher by 43 per cent to $552 million, with Origin receiving net cash flows for Australia Pacific LNG of $116 million. Because of this, the company is eyeing an improved full financial year.
Shares in Origin Energy are trading 3.61 per cent higher at $8.61.