Origin Energy Ltd Plunges on ASX with FY18 results

Origin Energy Limited

Origin Energy Ltd (ASX: ORG) is an energy sector company which operates energy businesses. The company was trading at a current market price of $8.995 and has seen a daily price change of -$0.620 or a percentage change of -6.4% as at August 16, 2018. The stock has seen a performance change of 41.75% over the past 12 months. Origin is the only incumbent retailer that have bought out state-owned retailers and has loyal customers that have never switched.

[optin-monster-shortcode id=”wxhmli4jjedneglg1trq”]

For FY18, the group reported profit of $218 million, representing a turnaround from $2.2 billion loss as reported in FY17. This was accompanied by net profit from continuing operations of $280 million (against $2.05 billion loss in FY17). No dividend has been declared by the company. The company posted a record production from APLNG of 64 PJ for the June 2018 quarter. With an increase of 42 percent, Origin’s share of revenue was $2,054 million over FY2018. Due to higher average realized prices across both LNG and domestic sales, Origin’s share of APLNG related revenue increased by $70 million or by 14%.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Checkout our Free Dividend Stocks Report

Specially made for income-hungry investors, Invest in growing Franked Dividends an opportunity that should not be missed.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report