Australian power producer AGL Energy's annual profit nearly triples on high prices

AGL Energy

13/08/2024 23:45

Aug 14 (Reuters) - Australia's AGL Energy  AGL.AX 
reported an 189% jump in its underlying profit for fiscal 2024
on Wednesday, boosted by increased plant availability and higher
electricity prices.
    The country's top power producer clocked an underlying
profit of A$812 million ($538.60 million) for the year ended
June 30, beating a Visible Alpha consensus of A$798.3 million
and sharply above the prior fiscal's A$281 million. 

    ($1 = 1.5076 Australian dollars)
  

 (Reporting by Himanshi Akhand and Sameer Manekar in Bengaluru;
Editing by Pooja Desai)
 ((Himanshi.Akhand@thomsonreuters.com;
Sameer.Manekar@thomsonreuters.com;))