AGL Energy said that its operating earnings before interest, taxes, depreciation and amortization were A$871.8 million for the fiscal year 2008, up 16.7% compared to the previous year.
The company said that net operating cost per customer was down 4.5% in fiscal 2008, compared to the previous fiscal year. AGL’s retail energy business has recorded operating earnings before interest and taxation (EBIT) of A$271.7 million, with an EBIT-to-sales ratio of 5.7%. AGL maintained retail market share with net customer growth of approximately 34,000 accounts.
AGL’s merchant energy business delivered an operating EBIT result of A$300.8 million, up 7% on the previous corresponding period. This result reflected AGL’s growing diverse physical generation portfolio, including the Torrens Island power station and dispatch rights from the Oakey power station, along with AGL’s existing hydro and gas assets.
