AGL profit slides as retail margins squeezed

The Australian Financial Review
02-12

Electricity and gas retailer AGL Energy has upgraded its profit guidance slightly for the full year after posting a 6.5 per cent slide in first-half core profit as it made less money selling electricity.

Underlying net profit, the figure most closely watched by the market, dropped to $373 million in the six months ending December 31, from $399 million year-on-year.

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