Business
Origin Energy (ASX:ORG) share price falls on tanking profit
Origin Energy Ltd (ASX: ORG) shares have had a lousy 12 months, having dropped more than 40% over the past year. The bad news keeps coming for shareholders with the Origin share price dipping another 1.74% in early trade today.
This comes on the back of the energy giant’s FY2021 half-year results (1H FY21) which were released to the market this morning.
Let’s take a look at how Origin has been performing.
What’s impacting the Origin share price?
The Origin Energy share price is on the slide this morning after the company reported its statutory profit tanked from $599 million in 1H FY20 to $13 million in 1H FY21. Underlying profit also fell from $528 million in 1H FY20 to $224 million in 1H FY21.
Origin’s earnings per…
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