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Origin Profit Beats Estimates on Australian EV, Battery Uptake

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Origin Profit Beats Estimates on Australian EV, Battery Uptake Origin Energy Ltd.’s full-year profit beat analyst estimates, as the uptake of electric vehicles and home batteries in Australia accelerated. Underlying profit fell 22% from a year earlier to A$1.16 billion ($819 million), the company said in a filing Thursday, slightly above analyst estimates. Net income rose 6.3% to A$1.57 billion.

Origin Profit Beats Estimates on Australian EV, Battery Uptake Origin Energy Ltd.’s full-year profit beat analyst estimates, as the uptake of electric vehicles and home batteries in Australia accelerated. Underlying profit fell 22% from a year earlier to A$1.16 billion ($819 million), the company said in a filing Thursday, slightly above analyst estimates. Net income rose 6.3% to A$1.57 billion.
Australian (ORG) Battery Uptake Origin Profit Beats (ORG) Battery Uptake Origin Energy Ltd. (ORG) Australia (LOCATION)
Originally published by Bloomberg Markets Read original →