AGL posts A$2 billion loss as market conditions more challenging than expected

AGL has suffered a A$2 billion loss as rooftop solar and renewables eats into its electricity earnings, with the company saying the underlying conditions are more challenging than expected while it forges ahead with its demerger.

AGL posts A$2 billion loss as market conditions more challenging than expected AGL posts A$2 billion loss as market conditions more challenging than expected AGL posts A$2 billion loss as market conditions more challenging than expected AGL posts A$2 billion loss as market conditions more challenging than expected AGL posts A$2 billion loss as market conditions more challenging than expected

Energy markets contribution continues to shrink

Underlying EBITDA was down 18% compared to the previous half at $1.6 billion; underlying net profit dropped 33.5% to $537 million, and its dividend was down 23% to 65 cents per share.