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AGL Energy Limited (ASX:AGK) has posted a half-year net profit of $117 million, a fall of more than 50 per cent.
Underlying profit increased 3 per cent, with AGL managing director Michael Fraser saying he’s pleased with the result and it provides a solid base for a strong full year result.
AGL says it’s on track to deliver full year results in line with previous guidance for underlying profit of between $470 million and $500 million.
An interim dividend has been maintained at 29 cents per share, fully franked.
AGL has also entered into conditional agreements to acquire the remaining interests in Loy Yang.
