Business
Origin Energy (ASX:ORG) share price on watch after investor update
The Origin Energy Ltd (ASX: ORG) share price will be on watch today after the energy company released an investor update.
What was included in the update?
Origin’s update gave investors a summary on how it performed in FY 2020 and its expectations for FY 2021.
In respect to the former, the company had a mixed year and delivered a flat underlying profit of $1,023 million in FY 2020. This was driven by lower corporate and LNG hedging costs being partly offset by a lower electricity margin.
This led to the Origin board declaring a total dividend of 25 cents per share, which was also flat on the prior year.
What is Origin expecting in FY 2021?
This morning Origin reconfirmed its Energy Markets guidance for FY 2021.
It continues to…
-
General20 hours agoFour charged over alleged six-hour gang rape of girl in south-west Sydney
-
Noosa News22 hours agoLogan City Council to pull out of federal government Climate Active program due to financial pressure, transparency concerns
-
Business23 hours agoAiming for rock-solid retirement income? I’d buy these two ASX shares
-
Noosa News19 hours agoCharlie the therapy dog reduces stress – Proctor