SYDNEY: Australia’s Origin Energy sharply raised the full-year earnings outlook for its key energy markets division for a second time, helped mainly by a stronger-than-expected contribution from United Kingdom-based energy retailer Octopus Energy.
Origin now expects underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) for its energy markets division for the financial year 2023 to be between A$950mil (US$628mil or RM2.8bil) and A$1.2bil (RM3.5bil), much higher than the prior range between A$600mil (RM1.77bil) and A$730mil (RM2.2bil).
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