Australian Power And Gas (ASX:APK) Reaffirms Full Year Guidance For FY11

Sydney, Feb 7, 2011 AEST (ABN Newswire) - Independent energy retailer, Australian Power And Gas (ASX:APK), today reaffirmed its guidance for FY11 after assessing that recent extreme weather events had no impact on its business.

"Australian Power and Gas maintains a conservative hedging strategy and was not negatively affected by either the recent hot weather in New South Wales or the Queensland climatic conditions," said James Myatt, CEO of Australian Power & Gas.

Full-year guidance remains at:

- A$200-220 million revenue

- A$21-23 million EBITDAF

- A$3.5-4.5 million underlying NPAT

Contact

James Myatt Australian Power & Gas Tel: +61-2-8908-2700 http://www.australianpowerandgas.com.au