News: AGL sparks profits

.

AGL Energy Limited (ASX:AGK) has delivered a full year net profit of $388.7 million, reflecting a jump in earnings of more than 200 per cent.

 

The strong lift in profit comes on the back of the integration of the Loy Yang power station into its business.

 

In the year to June 30, underlying profit was $598.3 million, a 24 per cent lift on the previous year. 

 

In the same period revenue was $9.7 billion, a 30 per cent increase on year.

 

The group will pay a fully-franked final dividend of 33 cents on September 27.