AGL Energy posts $1.26 billion loss after writedowns
AGL Energy suffered a $1.26 billion loss after writing down the value of its coal-fired power plants and its energy derivatives contracts.
Stay updated with breaking news from Loy Yang Unit. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
AGL Energy suffered a $1.26 billion loss after writing down the value of its coal-fired power plants and its energy derivatives contracts.
By PHILIP HOPKINS LOY Yang A power station was at the heart of a headline $1 billion loss in the […]
The AGL Energy Ltd (ASX: AGL) share price is down 7.3% in early trade on Thursday following on the company’s half-year results.
AGL Energy posts statutory loss after tax of $1.1 billion, drops 16% in EBITDA and 55% in net profit after tax — blames decarbonisation and national challenges.
NSW power generators were paying barely $33 a tonne for some of their coal as the NSW government intervened with a coal reservation scheme and a $125 coal price cap