Shares in AGL Energy dived almost 9 per cent on Thursday after the company reported an interim bottom-line loss of more than $1 billion, while core profit halved, fuelling market concerns about its capacity to see through a major task ahead on decarbonisation.
New chief executive Damien Nicks gave an upbeat outlook for the second half and beyond after a “challenged” first half, but the market reacted strongly to a halving in the interim dividend and a big miss on underlying profit.
