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.