First Impressions Profit Report: AGL Energy (AGL) - FY15 result at top of management guidance range
The statutory NPAT was down 61.8% on FY14 largely due to higher significant items including costs associated with the Macquarie Generation acquisition of $117m and a $435m impairment of Upstream Gas assets. Energy Markets Operating EBIT up 27.4% to $2,063m comprising Consumer EBIT down 3.3% to $321m, Business Customers up 4.7% to $67m, Wholesales Markets up 37% to $1675m. New Energy down 91% to $2m, Investments up 13% to $26m. Underlying Operating Cash Flow before interest and tax up 33% to $1527m. Read the summary here: (VIEW LINK)
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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.
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