The company posted a profit of A$218 million (US$159.5 million) for the 12 months to 30 June, falling from a profit of A$570 million a year earlier.

Hitting the company's bottom line was A$578 million in significant items, which included the A$435 million in after-tax impairments AGL had previously warned investors of from the planned sale of its under-performing and non-core assets.

The