AGL profit surges to $1.59 billion

Company News

by Rachael Jones

AGL Energy (ASX:AGL) has released their financial year results for 2018. They have declared an Underlying Profit after tax up 28 per cent to $1.023 billion.

For the full year to June 30, they posted a statutory net profit after tax attributable to shareholders of $1.59 billion, nearly triple the $539 million the company posted last year.

They are developing over $2 billion worth of electricity generation projects throughout Australia, to improve affordability and reliability. 

AGL declared a final dividend of 63 cents a share.

Shares in AGL Energy (ASX:AGL) closed down 0.36 per cent to $22.01 yesterday. 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.