National Grid Underlying EPS in Line With Views
April 11 2019 - 2:42AM
Dow Jones News
By Carlo Martuscelli
National Grid PLC (NG.LN) said Thursday that its underlying
earnings per share were in line with its expectations in fiscal
2019, as higher operating costs in the U.S. were offset by lower
finance costs.
The company said that while costs in the U.S. rose due to its
gas pipe replacement program, this was offset by an around 100
million-pound ($130.8 million) reduction in interest costs.
National Grid said that reporting-period timing will have a
beneficial effect on its headline earnings per share of 2
pence--offset however by remediation costs associated with major
storms.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
April 11, 2019 02:27 ET (06:27 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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