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NGG National Grid Plc New

55.92
-2.72 (-4.64%)
Last Updated: 20:41:52
Delayed by 15 minutes
Share Name Share Symbol Market Type
National Grid Plc New NYSE:NGG NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -2.72 -4.64% 55.92 56.73 55.92 55.99 594,091 20:41:52

National Grid 1st Half Pretax Profit Declined While Revenue Rose

09/11/2017 8:32am

Dow Jones News


National Grid (NYSE:NGG)
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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.

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