Feb 10 (Reuters) - AGL Energy Ltd (AGL) reported a 40.9% drop in first-half profit on Thursday as the Australian power producer took a hit from plummeting wholesale electricity prices.
The company said its underlying profit, which omits one-off items, came in at A$194 million ($139.33 million) for the six months to Dec. 31, compared with A$328 million a year ago. The figure beat a Morgan Stanley estimate of A$169 million.
AGL declared an interim dividend of 16 Australian cents per share, compared 41 Australian cents last year.
($1 = 1.3924 Australian dollars)
News: AGL Australia's AGL Energy profit drops nearly 50% on plunging power prices
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