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After having flagged a profit fall earlier this month, AGL Energy Ltd (ASX:AGK) has posted a 30 per cent improvement in its interim net profit.
However, the energy producer and retailer says its first half underlying profit, excluding significant items, dropped 3.7 per cent to $226.2 million.
Earlier this month AGL cut its full year underlying profit guidance by up to $35 million because of extreme weather conditions across Australia.
CEO Michael Fraser has confirmed the company’s full year underlying profit guidance remains between $415 million to $440 million.
AGL has maintained an interim dividend of 29 cents per share, unfranked.
In the six months to 31 December 2010, AGL Energy booked a net profit of $239.6 million.