Warm winter hits AGL profit

Reduced energy demand to shave up to $30m off underlying profit in FY 2014.

AGL Energy (AGK) has warned that a fall in energy demand due to a record warm winter will reduce its underlying profit.

In a statement to the Australian Securities Exchange, AGL said it expects underlying profit between $560 million and $610 million in fiscal 2014, compared with an underlying profit of $585.4 million in fiscal 2013. 


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