Origin Energy Reports Strong Profit Increase and Dividend Hike

Origin Energy Limited (AU:ORG) has released an update.

Origin Energy Limited has reported a 32% increase in profit for the full-year ended June 30, 2024, reaching $1,397 million up from $1,055 million the previous year, despite a 2% drop in total group revenue. The net tangible asset backing per ordinary security also rose by 10% to $3.80. Additionally, the company has announced an increased final dividend of 27.5 cents per share, compared to 20 cents in the previous year.

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