AGL Energy Limited (AGK) today reported a 1H14 net profit after tax of $261 million The result was below market expectations but AGL did confirm that its cash flow was strong and structural improvements are set to help drive new growth. Warm weather conditions during the winter and last few months of 2013 hit the result The company expect a better performance and profit in 2H14, due to the changing in weather and the returns from its newly acquired APG business. AGL reaffirmed its FY14 underlying profit guidance of $560 to $610 million, down from $598 million in FY13. Watch the full report here: