Australia's AGL Energy hikes annual earnings outlook on strong demand
06/05/2024 23:44
May 7 (Reuters) - Australian power producer AGL Energy
AGL.AX hiked its fiscal 2024 earnings outlook on Tuesday,
citing improved plant availability and higher consumer demand
over the summer period.
The country's top power producer now expects annual
underlying net profit after tax between A$760 million ($503.27
million) and $810 million, above prior guidance of A$680 million
and A$780 million.
($1 = 1.5101 Australian dollars)
(Reporting by Sameer Manekar in Bengaluru; Editing by Krishna
Chandra Eluri)
((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))
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