MARKETS

AGL profits rise on power prices during first half

THE nation's biggest power generator AGL Energy has reported a 10.3% rise in profits in its half yearly report released yesterday on the back of high wholesale energy prices.

 Image courtesy of the Committee for Economic Development Australia

Image courtesy of the Committee for Economic Development Australia

  For the six months ending December 31 the utilities giant recorded an underlying profit of A$537 million, up from $487 million the year before. Underlying profit after tax was also up 10% at $537 million. ...

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