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Company News Summary

AGL Energy Announces FY 2019 Half-Year Results and Provides Affirmation of FY 2019 Guidance

07 Feb 2019  |  08:52:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY19 Half Year Results & affirmation of FY19 guidance

AGL Energy announced FY 2019 half-year results and provided affirmation of FY 2019 guidance. It reported statutory profit after tax of $290, down 53%, statutory EPS of 44.2c, down 53%, and underlying EPS of 81.9c, up 10%. The Company has declared an interim dividend for FY 2019 of 55 cps, 80% franked, up 2% on the prior interim dividend. The Company's dividend policy remains to target a payout ratio of 75% of Underlying Profit after tax, which is normally applied on aggregate across the interim and final dividends.

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