AGL Energy interim net profit drops to $290 million

Company News

by Rachael Jones

AGL (ASX:AGL) have shown a net profit for the six months ended December 31 to $537 million, a 10 per cent rise from $487 million in the last corresponding period.

Higher electricity prices helped in the rise.

This was just under Citi's predictions of $567 million.

Statutory profit dropped 53 per cent to $290 million because of a reduction in the value of electricity derivatives.

Its guidance for the full year has been left unchanged in the run up to the election.

They are paying a dividend per share of 55 cents up from 54 cents in the last corresponding period.

Shares in AGL (ASX:AGL) Share trading 2.53 per cent lower at $21.60. 
 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?