The company posted a loss of A$576 million (US$427.2 million) for the 12 months to 30 June, a slight improvement on the A$590 million loss posted in the 2015 financial year.
The loss in the recent financial year included after tax impairments totalling A$515 million, which Origin said was largely driven by downward revisions to reserves.
The company’s underlying profit from continuing operations totalled A$354 million, down 41% on the previous financial year’s A$603 million underlying profit, which it blamed on weaker oil prices.
“While
