AGL Energy on track to post best week in about 8 months on upbeat results, outlook

AGL Energy

09/02/2024 24:12

** Shares of Australia's AGL Energy  AGL.AX  up about 5.4%
so far this week, set for best week since June 16, 2023, if
gains hold 
    ** The energy and telecom services provider on Thursday
reported HY net profit after tax of A$399 mln ($259.23 mln),
compared with A$87 mln a year earlier 
    ** Declared interim dividend of 26 AU cents per share 
    ** Narrowed its FY24 underlying profit outlook to be between
A$680 mln and A$780 mln, in the upper half of its previously
flagged range and above analysts' forecasts
    ** For the day, AGL shares slip as much as 2.8% to hit
A$8.550 
    ** Stock down 7.2% YTD, as of last close 

    ($1 = 1.5392 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))