Origin Energy June Quarter Production

ORG.ASX released the June quarter production numbers that were slightly better than market expectations.

This supports our gradual recovery outlook for ORG and we see FY 17 revenue of $12b producing an  EBIT of $1.1b on reported profit in the range of $700m.

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Dividend is likely to remain unchanged at $0.20 which puts the stock on a 3.5% forward yield.

 

 

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