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BRIEF-AGL Energy updates on operating segments reclassification

Published 29/07/2015, 09:01 am
© Reuters.  BRIEF-AGL Energy updates on operating segments reclassification
AGL
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July 29 (Reuters) - AGL Energy Ltd AGL.AX :

* Operating segments reclassification AGL.AX

* There is no change to the reported profit in any period, only movements between segments

* 'amending the basis for segment reporting to align it with the organisational structure announced on 16 April 2015 "

* Says new segments are: energy markets, group operations, new energy, investments and centrally managed expenses

* Says previous segments were: retail energy, merchant energy, upstream gas, investments and centrally managed expenses

* Says change in segment reporting necessitates a change to the key metrics previously reported

* With change in segment reporting, portfolio market reporting business unit is now split between energy markets and group operations

* Metrics for the consumer market business within energy markets will replace the previously reported metrics for the retail energy business unit

* Source text for Eikon ID:nASXbgRqyk

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