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AGL Energy H1 profit jumps 10.3 per cent

Power News - Published on Mon, 11 Feb 2019

Image Source: Nasdaq
Economic Times reported that AGL Energy, Australia's largest power producer, reported a 10.3 percent rise in its half-year underlying profit helped by strong margin growth in wholesale markets and lower compliance costs in renewable energy markets. For the six months to December 31, underlying profit - which excludes one-off items - rose to AUD 537 million (USD 382.24 million) from AUD 487 million last year, the company said in a statement. The company declared an interim dividend of 55 cents a share, compared with 54 cents a year ago.

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Posted By : Rabi Wangkhem on Mon, 11 Feb 2019
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