AGL Energy: Interim result 2013

The acquisition of a giant power plant has offset a deterioration elsewhere in this energy provider's business.

If Origin Energy’s interim result foretold of structural change in the energy retail market, AGL Energy shows little sign of deterioration, at least not at first glance. Revenue climbed 38% to $4.9bn, generating underlying net profit of $279m, up 20% from last year. From underlying earnings per share of 51 cents, up 5%, a fully franked dividend of 30 cents was declared (ex date 5 March).

How has AGL managed to maintain soaring profits while Origin’s retail activities have waned? A breakdown of where AGL made its money is instructive.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles