AGL Energy confirms FY08 earnings guidance

SYDNEY, May 12 (Reuters) - AGL Energy Ltd (AGK.AX: Quote, Profile, Research), Australia's largest energy retailer, confirmed on Monday it expects fiscal 2008 net profit in a range of A$330-A$360 million ($311 million-$340 million), in line with a forecast first given last October.

"AGL's businesses have performed well since Dec. 31, 2007, with earnings for the second half influenced by a strong performance from Torrens Island Power Station, predominantly due to a sustained period of extreme weather conditions in South Australia," the group said in a statement. ($1=A$1.06) (Reporting by James Thornhill)