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Share Name Share Symbol Market Type Share ISIN Share Description
Centrica Plc LSE:CNA London Ordinary Share GB00B033F229 ORD 6 14/81P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.10p -0.11% 87.30p 87.28p 87.32p 87.54p 86.06p 87.34p 12,260,862 12:53:33
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 29,686.0 575.0 3.3 26.5 -

Centrica PLC Gross Revenue Rose 54%; Sees 1st Half Headwinds

13/05/2019 8:03am

Dow Jones News


Centrica (LSE:CNA)
Historical Stock Chart

2 Months : From Apr 2019 to Jun 2019

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By Anthony O. Goriainoff

 

British Gas owner Centrica PLC's (CNA.LN) gross revenue rose 54% in the first four months of 2019, during which it said its operational performance has been largely in line but that it expects its first half will be hit by a challenging trading environment.

The U.K. utility company said Monday that factors such as the expected negative effect from the U.K. energy supply default tariff cap--including a one-off 70 million-pound ($81.0 million) hit in the first quarter--warmer than normal weather, and falling U.K. natural gas prices will add pressure to the full-year outlook.

The company maintained its full-year guidance on operating cash flow and net debt, and continues to expect to adjusted operating cash of GBP1.8 billion to GBP2.0 billion, and net debt of GBP3.0 billion to GBP3.5 billion.

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 

(END) Dow Jones Newswires

May 13, 2019 02:48 ET (06:48 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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