AGK 0.53% $13.18 agl energy limited

{"streaming_server":"rtmp:\/\/s2svek4dh1hfyu.cloudfront.net\/cfx\...

  1. lightbulb Created with Sketch. 1
    .

    AGL Energy Limited (ASX:AGK) has flagged a $186 million fall in earnings guidance for 2015.
     
    The gas and electricity company says the repeal of the carbon tax will deny it transitional assistance arrangements worth about $100 million for the operations of the Loy Yang A power station. 
     
    While a loss of $86 million is expected from its renewable energy and gas portfolios due to a potential drop in power prices associated with the removal of the carbon tax.
     
    The company offered unaudited results for 2014 suggesting profit for last year would be in-line with market consensus at $561 million. 
     
    AGL Energy reported a net profit of $261 million in the first half of the 2014 financial year. 
 
watchlist Created with Sketch. Add AGK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.