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| 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 | |
|---|---|---|---|---|---|---|---|---|
| -0.392 | -0.53% | 72.918 | 73.17 | 72.75 | 72.94 | 129,695 | 18:45:36 |
From May 2023 to May 2024
By Giulia Petroni
National Grid on Thursday said that its pretax profit rose in fiscal 2023 and reiterated its financial outlook for the five-year period through to fiscal 2026.
The U.K. energy infrastructure group reported a pretax profit of 3.59 billion pounds ($4.48 billion) in the period, up from GBP3.44 billion a year earlier.
Operating profit rose to GBP4.88 billion from GBP4.37 billion. On an underlying basis, operating profit was GBP4.58 billion.
National Grid declared a final dividend of 37.60 pence a share, bringing the full-year payment to 55.44 pence from 50.97 pence a year earlier.
Looking at 2023-24, the company said it expects underlying earnings per share to be modestly below 2022-23 levels due to the U.K. government's change to the capital allowance regime from April 1. This should have a six-to-seven pence per share impact on EPS, but won't affect the long-term.
The financial outlook over the five year period 2020-21 to 2025-26 remains unchanged, National Grid said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
May 18, 2023 02:34 ET (06:34 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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