AGL Reports Good FY18 but the Outlook is Deteriorating; FVE Trimmed to AUD 20
Narrow-moat-rated AGL Energy's fiscal 2018 underlying net profit after tax, or NPAT, increased 28% to AUD 1,023 million, slightly ahead of expectations. The strong result was mainly driven by a big increase in generation earnings thanks to the stronger wholesale electricity price, while headwinds in retail markets and cost inflation were a drag. Guidance is for relatively flat NPAT in fiscal 2019, in the range of AUD 970 to 1,070 million. We downgrade our forecast by 8% to AUD 1,030 million on a...AGL Energy is a renewable energy company, serving customers throughout eastern Australia. Co. has four segments: Energy Market, which sells electricity, natural gas, and energy related products and services to consumer market, business and wholesale customers, servicing approximately 3.7 million customer accounts as of June 30 2016; Group Operations, a diverse power generation portfolio; New Energy, which focuses on taking new and distributed technologies to market in Australia, including AGL Solar, and Distributed Energy Services such as Active Stream, its digital meter installation and data provider business; and Investment, which include investments in various energy related business.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.