AGL 0.47% $9.60 agl energy limited.

News: AGL AGL Energy updates on FY17 gas portfolio margins

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    July 6 (Reuters) - AGL Energy Ltd (AGL) :

    • Expects total pre-tax contribution to margin from its energy markets gas portfolio in FY 2017 to be lower than FY 2016 by at least $100 million
    • Says expects a negative impact on its pre-tax wholesale gas margin in the first quarter of FY 2017 of approximately $35 million
    • Says acquired a higher than anticipated proportion of wholesale gas for the first quarter of FY 2017 from spot market and other short-term sources
    • There is no change to AGL's FY 2016 guidance for underlying profit in the upper half of the guidance range of $650 million to $720 million"
                        
 
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