Origin Energy Limited’s
(ASX:ORG) full year net profit has jumped 427 per cent to $980 million. The energy company attributed the result to boosted underlying performance and asset sales within its liquefied natural gas project.
Chairman Kevin McCann says Origin has delivered strong growth across its operating businesses and that acquired energy assets in NSW have strongly impacted profits.
Moving forward, Origin anticipates less growth from new capital investments, varying domestic energy demand and earnings uncertainty due to erratic global commodity prices.
Origin has declared a final dividend of 25 cents, taking its full year payout to 50 cents per share.
