AGL reiterates the FY20 guidance subject to normal trading conditions

  • Oct 30, 2019 AEDT
  • Team Kalkine

AGL Energy Limited (ASX: AGL) anticipates the underlying profit after tax to be in the range of $780 million to $860 million for FY20.

The factors exerting pressure on the company’s financial status include:

  • Impact of the Loy Yang Unit 2 unplanned outage- $80 to $100 million
  • About $70 million depreciation expense form recent investments
  • The fall in LREC prices, anticipated to fall further in FY20
  • Lower wholesale electricity prices, which AGL anticipates to average further low against FY19
  • Higher fuel costs and new DMO and VMO

 

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