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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.