Origin First-Half Profit Slides 27% After Gas Prices Decline

  • Net loss widens to A$254 million after non-cash impairment
  • Company may suspend dividend should low prices persist

Origin Energy Ltd., ConocoPhillips’s partner in a A$24.7 billion ($17.7 billion) natural gas export project in Australia, posted a 27 percent decline in first-half profit after a downturn in energy prices.

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