AGL Energy Ltd 2016 AR2
The report details AGL Energy Limited's financial and operational performance for the fiscal year ended June 30, 2016. Key highlights include an 11.3% increase in underlying profit to $701 million, driven by gross margin improvements in consumer markets and higher generation volumes. The company made significant progress on its strategic roadmap, achieving $122 million in real operating cost reductions and divesting $691 million in non-strategic assets, including Macarthur Wind Farm and Diamantina Power Station. Additionally, AGL announced a strategic decision to exit exploration and production of natural gas, resulting in a pre-tax impairment of $795 million.
Company: AGL Energy Ltd
Sector: Utilities
Country: Australia
Year: 2016
Type: AR2
Pages: 149
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AGL Energy Ltd
Financial Reports
The report details AGL Energy Limited's financial and operational performance for the fiscal year ended June 30, 2016. Key highlights include an 11.3% increase in underlying profit to $701 million, driven by gross margin improvements in consumer markets and higher generation volumes. The company made significant progress on its strategic roadmap, achieving $122 million in real operating cost reductions and divesting $691 million in non-strategic assets, including Macarthur Wind Farm and Diamantina Power Station. Additionally, AGL announced a strategic decision to exit exploration and production of natural gas, resulting in a pre-tax impairment of $795 million.
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Document Details
Report Year
2016
Reporting Period
Jul 1, 2015 - Jun 30, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Assurance
Assurance Provider
Assurance Standard
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No data available