OIL & GAS
Oil and gas major Origin Energy has widened its pre-tax loss to $1.6-billion for the six months to December 31, compared with a loss of $154-million in the previous corresponding period, after incurring a $1.4-billion impairment. Revenue for the half-year increased to $6-billion, from the $5.6-billion reported in the prior comparable period, while underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) increased by 32%, to $1.15-billion, reflecting the solid operating performance of the business.
Please enter the email address that you used to subscribe to Research Channel. Your password will be sent to this address.
Don't have any login details?
Free Trial Access