BUZZ-Australia's AGL Energy rises to 4-month high as HY profit beats estimates

Reuters
12 Feb
BUZZ-Australia's AGL Energy rises to 4-month high as HY profit beats estimates

** Shares of AGL Energy AGL.AX rise 1.5% to A$11.89

** Stock among top gainers in the benchmark .AXJO index and hits its highest level since October 9

** Co posts HY underlying profit of A$373 million, down 6.5% from a year earlier, but beats Visible Alpha consensus estimate of A$307.4 million

** However, AGL narrows its fiscal 2025 underlying post-tax net profit outlook to a range of A$580 mln to A$710 mln, compared with its previous expectations of A$530 mln to A$730 mln

** About 2.2 mln shares change hands, 1.5 times the 30-day average of shares

** Stock up 3.7% this year, as of last close

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))

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