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Origin Energy shares rise after annual profit beat and stronger outlook

Origin Energy logoOrigin Energy
Sig2.20Sen+4.10Env0.00Soc0.00Gov0.00

Origin Energy shares jumped 6.5% in early trade after the company reported underlying profit of A$1.16 billion for the year to June 30, below last year but ahead of consensus. It forecast 2027 energy markets operating earnings of A$1.55 billion to A$1.85 billion and said higher prices and resilient retail volumes supported energy markets results, alongside a battery program that is winding down.

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