Business & Finance
Origin Profit Beats Estimates on Australian EV, Battery Uptake
Key Points
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.