AGL

AGL Energy’s profits for the half year didn't reflect the current fierce competition in the retail energy market. Revenue rose 4% to $3.6bn while underlying profits, which exclude the impact of volatile derivatives and hedges, rose 3% to $233m. From underlying earnings per share of 50.3 cents an interim, fully franked dividend of 29 cents was declared (ex-date 1 Mar). AGL added 100,000 new customers thanks to an aggressive marketing drive; what it is losing in margin, it's clearly making up in volume. Table 1: AGL's half-year results Half-year ending 31 December 2011 2010 Change (%) Revenue ($m) 3,615 3,488 4 Underlying NPAT ($m) 233...

AGL Energy’s profits for the half year didn't reflect the current fierce competition in the retail energy market. Revenue rose 4% to $3.6bn while underlying profits, which exclude the impact of volatile derivatives and hedges, rose 3% to $233m. From underlying earnings per share of 50.3 cents an interim, fully franked dividend of 29 cents was declared (ex-date 1 Mar). AGL added 100,000 new customers thanks to an aggressive marketing drive; what it is losing in margin, it's clearly making up in volume.

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