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Article: AUSTRALIA'S ORIGIN ENERGY LIFTS Q1 REVENUE 8 PCT.(Financial report)

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AsiaPulse News
Article date:
October 28, 2009
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PERTH, Oct 28 Asia Pulse - Australia's Origin Energy Ltd (ASX:ORG) has reported an improvement in September quarter revenue compared to the previous period due to better prices for all of its products.

Revenue for the oil and gas producer and retailer for the three months to September 30 was A$146.2 million (US$134.21 million), up eight per cent from A$135.3 million for the June quarter because of improved product prices.

The company produced 25.4 petajoules equivalent (PJe) of gas, up slightly from 25.2 PJe in the June quarter.

Over the year, however, output and revenue slumped by 25 per cent and 26 per cent, respectively.

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