Revenue ($m) 5414 down 4.2pc from year-earlier 6312
Pre-tax profit ($m) -3000 vs 453
Net profit ($m) -2287 v 323
Interim dividend 41c v 47c, payable on March 26
AGL Energy will slash spending and costs after posting a heavy first-half loss and warning of an unexpectedly rapid deterioration in business conditions as renewables flood a market where demand has been softened by mild weather and the COVIC-19 pandemic.
First-half underlying profit fell short of some market expectations and the full-year outlook points to a significantly weaker second half.
