Origin Energy shares hit as profits, outlook miss forecasts
Origin Energy’s profits have jumped almost one-third in the past year, a result which has underwhelmed the market as investors focus on the energy giant’s weaker outlook.
Shares in Origin fell 9.4 per cent on Thursday as analysts labelled the $436 million increase in core profit to $1.18 billion a “miss”, and compared it unfavourably with rival AGL Energy’s better-than-anticipated profit and outlook one day earlier.
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