Australia\'s AGL Energy says H1 profit jumps 10.3 per cent

Australia's AGL Energy says H1 profit jumps 10.3 per cent

The company declared an interim dividend of 55 cents a share, compared with 54 cents a year agoREUTERS  |  February 07, 2019, 10:15 IST
Australia's AGL Energy says H1 profit jumps 10.3 per cent 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 Dec. 31, underlying profit - which excludes one-off items - rose to A$537 million ($382.24 million) from A$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.