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BRIEF-Origin Energy says HY total group revenue rises 3 pct

Published 16/02/2017, 09:13 am
© Reuters.  BRIEF-Origin Energy says HY total group revenue rises 3 pct
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Feb 16 (Reuters) - Origin Energy Ltd ORG.AX

* half-year total group revenue $6,321 million versus $6,130 million a year ago

* hy net loss $ 1,677 million versus loss of $254 million a year ago

* origin's fy2017 underlying ebitda range has improved to $2,450 - $2,615 million

* origin is targeting ongoing reductions in operating costs across natural gas and electricity cost to serve, generation

* origin's remaining contribution to APLNG is expected to be $0.3 billion from 1 january 2017, $0.2 billion lower than previous guidance

* fy2017 energy markets underlying EBITDA is expected to be $1,440 - $1,500 million

* underlying npat in fy2017 is expected to be in range of $480- $590million.

* excluding potential ipo proceeds, targeting adjusted net debt well below $9 billion by 30 June 2017

* cash flow in h2 is expected to reflect completion of targeted $800 million asset sales program and remaining contribution to aplng of $0.3 billion Source text for Eikon: ID:nASXbRMrlJ Further company coverage: ORG.AX

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