Edition:
United Kingdom

AGL Energy Tracking Mid-Point Of FY Underlying Profit Guidance Range


Wednesday, 6 Feb 2019 

Feb 7 (Reuters) - AGL Energy Ltd ::TRACKING TOWARDS MID-POINT OF UNDERLYING PROFIT AFTER TAX GUIDANCE RANGE BETWEEN $970 MILLION AND $1,070 MILLION IN FY ENDING 30 JUNE 2019.NOT APPROPRIATE TO RECOMMENCE SHARE BUY-BACKS AT THIS TIME - ALTHOUGH RETAINS FLEXIBILITY TO DO SO .WILL SOON BEGIN WORK ON PROJECT TO UPGRADE BAYSWATER POWER STATION IN NEW SOUTH WALES .HAVE APPROVED A $25 MLN UPGRADE TO AGL LOY YANG COAL-FIRED POWER STATION IN VICTORIA.CURRENT INTENTION IS TO REDEEM OUR $650 MLN HYBRID SUBORDINATED NOTES WHEN THEY BECOME AVAILABLE TO CALL IN JUNE 2019 .