India, May 6 -- AGL Energy Limited (AGK.AX), an Australian supplier of energy and telecom customer services, raised its earnings forecast for the fiscal year ending on June 30, 2024, citing sustained robust operational and financial performance. The adjustment accounts for enhanced plant availability, flexibility, and generation, along with increased consumer demand during the summer months in New South Wales and Queensland, as well as ongoing strong performance in Customer Markets.
The company raised its annual underlying net profit after tax to a range of A$760 million - A$810 million from the prior estimation of A$680 million - A$780 million.
The company now expects annual underlying EBITDA to be between A$2.12 billion and A$2.20 billi...