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BRIEF-AGL Energy Tracking Mid-Point Of FY Underlying Profit Guidance Range

Published 07/02/2019, 08:39 am
Updated 07/02/2019, 08:40 am
BRIEF-AGL Energy Tracking Mid-Point Of FY Underlying Profit Guidance Range
AGL
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Feb 7 (Reuters) - AGL Energy Ltd AGL.AX :

* TRACKING TOWARDS MID-POINT OF UNDERLYING PROFIT AFTER TAX GUIDANCE RANGE BETWEEN $970 MILLION AND $1,070 MILLION IN FY ENDING 30 JUNE 2019

* NOT APPROPRIATE TO RECOMMENCE SHARE BUY-BACKS AT THIS TIME - ALTHOUGH RETAINS FLEXIBILITY TO DO SO

* WILL SOON BEGIN WORK ON PROJECT TO UPGRADE BAYSWATER POWER STATION IN NEW SOUTH WALES

* HAVE APPROVED A $25 MLN UPGRADE TO AGL LOY YANG COAL-FIRED POWER STATION IN VICTORIA

* CURRENT INTENTION IS TO REDEEM OUR $650 MLN HYBRID SUBORDINATED NOTES WHEN THEY BECOME AVAILABLE TO CALL IN JUNE 2019 Source: Further company coverage: AGL.AX

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