October 30, 2019 / 10:33 PM / 12 days ago

Australia's Origin Energy first-quarter APLNG revenue up 7%

Oct 31 (Reuters) - Electricity and gas retailer Origin Energy Ltd said on Thursday revenue from its stake in the Australia Pacific LNG (APLNG) project rose 7% in the first quarter, helped by higher prices and increased output.

The company’s share of revenue from APLNG came in at A$687.9 million ($474.6 million) in the quarter ended Sept. 30, compared with A$640.5 million a year earlier. UBS had estimated revenue of A$672 million.

Total electricity sales came in at 8.7 terawatt hour (TWh), compared with 9.5 TWh a year earlier. ($1 = A$1.45) (Reporting by Ambar Warrick and Shriya Ramakrishnan in Bengaluru; Editing by Maju Samuel)

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