Solid cash flow from energy retailing balances volatility from LNG export.
Following the sale of Lattice Energy, we strip its earnings contributions from our Origin Energy forecasts. We also reduce debt by the expected AUD 1 billion in net proceeds, and reduce interest expense to reflect this. The overall impact of the sale on net profit after tax is minor. At the same time, we marginally upgrade forecasts for the continuing business, mainly on the oil price rebound since mid-2017 which boosts earnings from APLNG and some small adjustments to the energy markets divisio...
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