You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
Business Description: Origin Energy (ORG) is an Australasian integrated energy company focusing on energy markets in Australia and New Zealand. Origin has operations and projects spanning the energy supply chain; from gas exploration and production to power generation and energy retailing.
Strategy Analysis: ORG looks towards a sustainable approach to developing the growth of the business. The focus is on maintaining its position as a leading Australasian integrated energy company that participates in most segments of the supply chain. The company seeks to deliver market leading performance for shareholders by identifying, developing and operating businesses which deliver value to customers. It also focuses on developing and procuring competitive sources of energy and related products and services to better meet customer energy needs.
Origin Energy reported NPAT down 34% to $524.0m for the half year ended 31 December 2012. The key factors contributing to the decrease in statutory profit include: lower underlying profit; a lower net gain on items related to Australia Pacific LNG; and a net decrease in the fair value of financial instruments during the half year while a net increase was recorded in the prior half year. Revenues from ordinary activities were $7.38bn, up 14% from last year. Diluted EPS was 47.9 cents compared to 73.7 cents last year. Net operating cash flow was $790.0m compared to $758.0m last year. The interim dividend declared was 25 cents, in line with 25 cents last year. The company expects the regulatory and market competitive pressures that have affected the half year result in Energy Markets to continue into the second half of the 2013 financial year.
The Age 20/06/2013 |
Pre-split trading of shares in "New Newscorp," the print media-heavy spin-out from News Corp began quietly on Wednesday, and it will take a while to work out where the new vehicle is headed.
The Age 20/06/2013 |
Local councils that lost millions on investments made through Lehman Brothers have suffered a major setback, after the US arm of the failed bank blocked a deal that would have delivered the investors up to $210 million.
IMPORTANT: This information has been prepared without taking into account your objectives, financial situation or needs and you should consider if the information is appropriate for you before making an investment decision. Neither InvestSMART Financial Services Pty Ltd nor any of its Related Companies make any recommendations as to the merits of any investment opportunity referred to in its emails or its related websites. Product disclosure statements for financial products offered through InvestSMART can be downloaded from this website or obtained by contacting 1300 880 160. You should consider the product disclosure statement before making a decision about the product. All indications of performance returns are historical and can not be relied upon as an indicator for future performance.