Energy provider AGL Energy has announced a 51.2 per cent fall in first half net profit to $117 million.
The result includes an after tax loss of $115.9 million from changes in the fair value of the company's financial instruments.
The company's underlying profit of $232.9 million for the half year ended 31 December, 2011, was up 3 per cent on the $226.2 million reported in the prior corresponding period.
AGL also announced it had signed conditional agreements to acquire the remaining 67.5 per cent of the Loy Yang A coal fired power generator.
More to come