AGL Energy
(ASX:AGL) has reported a decrease in its full year profit to $218 million, down 62 per cent on the previous year.
The company has attributed the result to write downs and one-off charges.
However, underlying profit increased 12 per cent to $630 million, exceeding expectations.
AGL has predicted its full-year underlying profit to be towards the higher end of the $575 million to $635 million range.
The company has declared a final dividend of 34 cents per share, 1 cent higher than consensus estimates.
