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NG. National Grid Plc

1,061.00
2.00 (0.19%)
Last Updated: 11:55:41
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
National Grid Plc LSE:NG. London Ordinary Share GB00BDR05C01 ORD 12 204/473P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 0.19% 1,061.00 1,060.50 1,061.00 1,063.00 1,056.00 1,062.50 813,359 11:55:41
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Combination Utilities, Nec 24.25B 7.8B 2.1140 5.02 39.13B

National Grid 1st Half Pretax Profit Fell; Backs Fiscal Year 2019 Asset-Growth Forecast

08/11/2018 8:17am

Dow Jones News


National Grid (LSE:NG.)
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From May 2019 to May 2024

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By Ian Walker

 

National Grid PLC (NG.LN) on Thursday reported a 33% fall in pretax profit for the first half, and backed its full-year forecast for asset growth.

The power company made a profit for the half year ended Sept. 30 of 522 million pounds ($684.8 million) compared with GBP780 million a year earlier, on revenue that fell 5% to GBP6.35 billion.

Stripping out exceptional and other one-off items, National Grid made an adjusted pretax profit of GBP816 million compared with GBP846 million.

The company said it continues to expect asset growth at the top end of a 5% to 7% range for the medium term, and at least 7% in the near term.

The board raised its interim dividend 3.8% to 16.08 pence a share.

 

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

 

(END) Dow Jones Newswires

November 08, 2018 03:02 ET (08:02 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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