Origin warns of $1.9bn impairment

February 15, 2017

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Oil and gas major Origin Energy has warned of a A$1.9-billion post tax impairment charge for the 2017 financial year.

The company told shareholders that its Australia Pacific liquefied natural gas (APLNG) joint venture had recognised an impairment charge on its assets of which Origin expected to reflect its 37.5% share, or some A$1-billion post tax, in the financial statement.

Category: General