Markets: Forgiving investors spark an Origin Energy rally

Investors were pleased with today's results but should brace for more bottom line shocks as the utility moves further into LNG exploration.

Origin Energy Limited today delivered underlying earnings of $760 million, at the bottom of its guidance for a fall of 10 to 15 per cent from last year.

In terms of actual profit, Origin reported $378 million, down 61 per cent on the previous year, hit by asset impairments and decrease in fair value of financial instruments.

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