AGL Energy: Result 2013

AGL Energy is coping well with industry change and it will benefit from the repeal of the carbon tax. Yet it is no bargain, explains Gaurav Sodhi.

The headline result certainly sounded impressive, with AGL Energy’s statutory profit rocketing 238% to $388m. Even on an underlying basis, which excludes oddities like derivative movements, net profit rose 24% to $598m. From underlying earnings per share of $1.08, up 8.8%, a final dividend of $0.33 was declared (fully franked, ex date already past), taking full year dividends to $0.63 to give a current yield of 4.1%.

The profit surge was entirely due to the debut contribution from Loy Yang A, one of the largest generators in the land.

{{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