National Grid 1st Half Pretax Profit Declined While Revenue Rose
November 09 2017 - 03:32AM
Dow Jones News
By Ian Walker
National Grid PLC (NG.LN) on Thursday reported pretax profit for
fiscal 2018 fell due to the timing of regulatory price-control
plans in the U.K.
The British power-transmission network made a pretax profit of
847 million pounds ($1.11 billion) in the half year ended Sept. 30
compared with GBP965 million in the same period a year earlier, on
revenue of GBP6.68 billion, up from GBP6.28 billion.
The board has declared an interim dividend of 15.49 pence, up
from 15.17 last year.
National grid said its outlook for the full-year is
unchanged.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
November 09, 2017 03:17 ET (08:17 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
National Grid (NYSE:NGG)
Historical Stock Chart
From Feb 2024 to Mar 2024
National Grid (NYSE:NGG)
Historical Stock Chart
From Mar 2023 to Mar 2024