.
AGL Energy Limited (ASX:AGK) has unveiled its annual results for the 2014 financial year and announced a $1.2 billion capital raising.The energy producer’s net profit jumped 52 per cent to $570 million while its underlying profit slipped 3.9 per cent to $562 million.AGL has attributed the higher net profit to a fall in significant items from the year before while the underlying profit declined amid lower demand over a record warm winter.The $1.2 billion capital raising will be conducted to partially fund AGL’s $1.5 billion acquisition of New South Wales power producer Macquarie Generation.A final fully franked dividend of 33 cents per share has been declared, bringing the full year payout to 63 cents per share.
- Forums
- ASX - By Stock
- AGK
- News: AGL Energy unveils FY result, raising $1.2B
News: AGL Energy unveils FY result, raising $1.2B
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online