AGL Energy (AGK) has declined to offer formal earnings guidance until its annual general meeting in October, after posting a strong lift in full-year profit on the back of the integration of the Loy Yang power station into its business.
In the year to June 30, AGL Energy posted a statutory profit of $388.7 million, a 238.3% increase on the $114.9 million recorded in 2012.
Underlying profit was $598.3 million, a 24.1% lift on the previous year and at the lower end of its May forecast for between $590 million and $640 million.
AGL said the key drivers of the result were the successful integration of and full-year contribution from Loy Yang, changes in the fair value of certain financial derivatives and a good performance from the group's core merchant and retail operations.
In the same period revenue was $9.7 billion, a 30.3% increase on the previous year.
The group will pay a fully-franked final dividend of 33 cents on September 27 to shareholders on the register at September 6.
The payment brings AGL's total dividend to a fully-franked 63 cents, a 3.3% increase on the previous year.