CompaniesEnergyEarnings seasonPrint articleEnergyAustralia suffers $1.1b write-down as retail margins crunchAngela Macdonald-SmithSenior resources writerJan 30, 2024 – 11.37pmSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginEnergyAustralia has suffered a $1.1 billion write-down mostly due to skinnier margins on retailing electricity and gas, increased competition and a higher cost of capital.The impairment of goodwill on Australia’s third-biggest electricity and gas supplier was announced by Hong Kong-based parent company CLP Group late on Tuesday ahead of its full-year results on February 26.Loading...Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.comSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreEarnings seasonElectricityRenewablesCurrent ClimateEnergy pricesEnergy securityLatest In EnergyFetching latest articlesMost Viewed In CompaniesThe Australian Financial Review MagazineAFR Magazine celebrates The Art of MovementLauren Sams‘We don’t want to die wondering’: Jo Horgan on Mecca’s biggest bet yetThis Brisbane restaurant deserves a Michelin starBOSS Financial ReviewWhy Grant Hackett enjoys being a CEO more than winning Olympic goldSally Patten and Lap PhanThis CEO thought he was healthy. Then he went for a checkHow the Macquarie CEO played a role in setting me up to lead MagellanLife & LeisureWho are the people in your neighbourhood? Amazon knowsJohn DavidsonWhy the world needs the democracy sausageHow horse riding gives this Sydney business leader his edgeRich ListWhy cashing out won’t be easy for Australia’s gambling billionairesPrimrose RiordanSpotlight’s new Anaconda will teach shoppers to fishPortelli hits fast lane on mooted LMCT+ sale, MacCap takes the wheel
