AGL's full-year profit lifts

Energy group says integration of Loy Yang power station bouyed result.

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.