First Impression: AGL Energy-AGL- FY16 Result

Bell Potter

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.


Bell Potter

Bell Potter is a member of the Bell Financial Group (BFG) of companies. We are one of Australia's largest full service stockbrokers and a leading financial advisory firm, offering a full range of services to private, corporate and institutional...

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August 2016 Reporting Season ASX: AGL

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