Origin Shares Rise Most in Six Months as Earnings Beat Estimates

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessOrigin Shares Rise Most in Six Months as Earnings Beat EstimatesOrigin Energy Ltd. shares rose the most in six months after full-year profit beat analyst estimates, and the uptake of electric vehicles and home batteries in Australia accelerated.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.2p5wyn0n8l4pb]3dk3gac)wv_media_dl_1.png Bloomberg(Bloomberg) — Origin Energy Ltd. shares rose the most in six months after full-year profit beat analyst estimates, and the uptake of electric vehicles and home batteries in Australia accelerated.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountShares increased as much as 6.5%, the most since February. Underlying profit fell 22% from a year earlier to A$1.16 billion ($819 million) in the financial year through June, the company said in a filing Thursday, slightly above analyst estimates. Net income rose 6.3% to A$1.57 billion.Australia’s world-leading energy transition is increasingly being driven by households embracing rooftop solar, batteries and electric vehicles. Meanwhile, the large-scale build-out of renewables and grid infrastructure faces rising costs, lengthy approvals and regulatory uncertainty, according to the energy retailer.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“Flexible generation and storage will become more important as more renewable energy enters the system,” Chief Executive Officer Frank Calabria said in a statement. “We are focused on making it easier for households and businesses to electrify, manage energy use efficiently and bring together products like solar, batteries, electric vehicles, broadband and orchestration services.”Origin in July said that about 900,000 current and former customers had their data accessed in a security breach, the latest in a string of cyberattacks on major Australian companies and essential-service providers. “We’ve taken steps to secure our systems,” Calabria said on an earnings call. “We’ve been working with cyber security and forensic specialists. We continue our review, continue to work closely with the authorities and regulators.”(Updates with share price move in second paragraph, comments from CEO in last paragraph and chart.)This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.