Origin Energy: Result 2012

Origin's profits leapt higher but investors are worried about APLNG and capital expenditure.

Origin Energy’s reported net profit for the year rose 427% to $980m. As always, the statutory profit is of little use. This year's result includes movements in derivatives and gains from the part sale of Australia Pacific LNG (APLNG). On an underlying basis—a more accurate gauge of business performance—net profit was up a more sober 33% to $893m. From underlying earnings per share of 82.6c, up 16%, a fully franked dividend of 50c was declared (ex-date not yet known).  

Despite the surge in profits, investors focused on the last few minutes of Origin’s presentation, where Grant King cautioned that profits next year would be similar to this year. In other words, growth will slow to a trickle.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles