Growth Powers Origin

ORIGIN Energy has flagged another year of 30 per cent earnings growth as it benefits from the $1.9 billion purchase of New South Wales government energy assets earlier this year, while increasing spending on its ambitious liquefied natural gas export project in Queensland.

Earnings before interest, tax and depreciation surged by 32 per cent in the year to June 30, although the cost of acquisitions and other write-offs slashed the net profit to just $186 million, down 70 per cent.

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The Age