Oil prices hit Origin

Falling oil and liquefied natural gas (LNG) prices has seen ASX-listed Origin Energy report a significant fall in profits and earnings for the full year ended June.

The company has reported statutory profits of A$83-million for the 12 months ended June, compared with the A$1.21-billion in the previous financial year, while underlying earnings before interest, tax, depreciation and amortistation (Ebitda) decreased from A$3.23-billion to A$3.14-billion.