In today’s financial landscape, AGL Energy has made a remarkable stride with a surge in its shares by 15 percent. This significant increase follows the electricity and gas supplier’s announcement of a quadrupling profit and an upgrade in its full-year earnings guidance.
AGL’s Profit Quadruples, Surprising the Market
AGL Energy exceeded market expectations by posting a core net profit that quadrupled during the first half. This led to a notable increase in its interim dividend. Following the announcement, AGL’s shares experienced an immediate upswing, soaring as much as 14.8%.
AGL’s Impressive Half-Yearly Performance
The company reported a net profit before one-off items of $399 million for the six months ending December 31, seeing a substantial rise from $87 million the previous year. This impressive performance has prompted AGL to upgrade its full-year underlying net profit guidance to between $680 million and $780 million.
AGL’s Future Plans
Amidst this financial triumph, AGL has also set its sights on embracing cleaner energy. The company aims to achieve a new clean energy generation and storage capacity of 5 gigawatts by 2030. This initiative aligns with global progression towards sustainable energy and signifies AGL’s commitment to playing a leading role in this transition.
World News
Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn»TDPel Media News« »For Breaking News«| »For Featured«| »For Biographies« »For Lifestyle« »For Lottery« »For Fashion« »For Politics« »For Business« »For Entertainment« »For Wellness and Fitness« »For Religion« »For Science« »For Sports« »For Technology« »For Health« »For TDPelTV« »For World News« »TDPel Media News« »For TDPel Community« »TDPel Media News« »For Breaking News«| »For Featured«| »For Biographies« »For Lifestyle« »For Lottery« »For Fashion« »For Politics« »For Business« »For Entertainment« »For Wellness and Fitness« »For Religion« »For Science« »For Sports« »For Technology« »For Health« »For TDPelTV« »For World News« »TDPel Media News« »For TDPel Community«