First Impression: AGL Energy-AGL- FY16 Result
Outlook: AGL continues to expect to deliver earnings growth in FY17 noting: A challenging start to the year, reflecting unseasonably mild July weather on Australia’s east coast; the impact of a reduction in its gas portfolio margin of at least $100 million compared with FY16 (as stated on 7 July 2016); The benefit of stronger wholesale electricity prices will moderate over the medium term; Ongoing enterprise bargaining agreements at AGL’s Loy Yang and Macquarie power stations. Formal guidance of its FY17 earnings outlook to be provided at AGM on 28 Sep.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
1 topic
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Why this 25-year veteran is dancing close to the exit
Livewire Markets
Equities
Buy Hold Sell: 5 founder-led companies on the rise
Livewire Markets
Equities
6 ASX stocks the WAM Leaders team is backing
Wilson Asset Management