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AGL Energy’s profits plunge 22%, shares down – NEWS.com.au
Power provider AGL Energy’s profits plunge 22%, shares down
Residential and business power provider AGL Energy has posted a 22 per cent plunge in underlying profit and flagged an even lower result for 2020-21.The company reported underlying profit for the 2019-20 financial year of $816 million, which was within its guidance range, and forecast a fall to between $560 million and $660 million for the current financial year.
That’s after an expected net benefit of up to $100 million in insurance proceeds related to the months-long outage of Unit 2 at the L…
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