The ASX has communicated to all market participants of an industry-wide ASX settlement failure that occurred on Friday the 20th of December. This failure has meant that CHESS was not able to complete market settlement on Friday and has deferred settlement to Monday the 23rd of December. For those clients who had sell trades settling on Friday we have ensured those sale proceeds have been made available to you for trading on Monday. Stock delivery for clients who had buy trades settling will need to wait until Monday before the shares become available to sell. We apologise for any inconvenience this ASX outage has caused.
The C-Suite: Gary Brown, AGL CFO
Looking ahead, the power retailer expects an underlying profit between AU$530 million and $730 million dollars, ahead of market expectations. The company has declared a final dividend of 35 cents per share higher on a year earlier. For more on the results and the outlook in the current environment take a listen to AGL CFO Gary Brown.