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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 |
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The Age 20/06/2013 |
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The Age 20/06/2013 |
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The Age 20/06/2013 |
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The Age 20/06/2013 |
China's Huawei has vowed to catch up with rivals Apple and Samsung as it unveiled its newest device — the Ascend P6, which it described as the world's thinnest smartphone.
Sydney Morning Herald 20/06/2013 |
The sharemarket gained ground as investors took a cautiously optimistic stance before a keenly awaited update on economic stimulus measures in the United States.
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