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News: AGL Australia's AGL Energy full-year profit soars on robust power prices

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    Aug 9 (Reuters) - AGL Energy (AGL) , Australia's biggest power producer, on Thursday reported a 27.6 percent rise in its full-year underlying profit, bolstered by soaring power prices.

    Underlying profit for the 12 months ended June 30 rose to A$1.02 billion ($757.76 million) from A$802 million a year ago, beating forecasts of around A$995.2 million, according to Thomson Reuters I/B/E/S.

    The company raised its full-year dividend to A$1.17 from A$0.91 a year ago. Analysts had expected a full-year dividend of A$1.12. ($1 = 1.3461 Australian dollars)

 
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