Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

BRIEF-AGL Energy updates on FY17 gas portfolio margins

Published 07/07/2016, 08:40 am
Updated 07/07/2016, 08:50 am
© Reuters. BRIEF-AGL Energy updates on FY17 gas portfolio margins
AGL
-

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

* 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"

* Source text for Eikon ID:nASX1kfztB

*

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.