MARKETS

AGL shares dive on huge profit miss

AGL Energy’s first financial report since its new board took charge was filed to market this morning with a $1.08 billion statutory net loss.

AGL shares dive on huge profit miss

It reported underlying profits of $87 million, which is half of what it was a year ago. It noted a series of impairments of over $1 billion and slashed the dividend to only 8c per share or half what...

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