Origin’s FY18 revenue up 42% | Finance News Network

Origin’s FY18 revenue up 42%

Company News

by Anna Napoli

Origin Energy (ASX:ORG) has reported a 42 per cent increase in revenue for Australia Pacific LNG over the 2018 financial year.

The company says the increase in revenue reflects increased production and higher average realized prices of LNG and domestic gas.

Australia Pacific LNG also delivered net cash flows to Origin of $363 million over the year.

The oil and gas company’s production was up 2 per cent on the previous quarter and 11 per cent on the previous financial year.

Shares in Origin Energy (ASX:ORG) are trading 0.26 per cent higehr to $9.70.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.