2010年8月24日星期二

Australia's Origin Energy: profits up 10 percent

Australia's Origin Energy: profits up 10 percent

Australia's Origin Energy on Tuesday said full-year underlying profits were up 10 percent to 585 million dollars (519 million US) but missed expectations due to gas exploration costs.

Origin, which had projected a 15 percent rise in underlying profits, has expanded offshore exploration in Australia and Southeast Asia, including the drilling of six "significant" wells, during the year.

"Unsuccessful exploration expenses associated with the expanded programme are included in these results," the company said in a statement.

Origin said for the 12 months to June 30, net profit was 612 million dollars -- a steep drop from the 6.94 billion dollars posted a year earlier which was inflated by the sale of coal seam gas assets to ConocoPhillips.

The company said it expected underlying profit for the next financial year to rise by about 15 percent as it benefited from a number oWe offer Gucci bags. New styles,good price.f new projects and acquisitions.. We supply top quality diesel jeans,skirt and more.You find the latest jeans clothing,Denim and Fasdiesel jeans

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