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NG. National Grid Plc

1,055.00
9.00 (0.86%)
Last Updated: 12:46:16
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
  9.00 0.86% 1,055.00 1,054.50 1,055.50 1,060.00 1,049.50 1,054.50 2,179,920 12:46:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Combination Utilities, Nec 24.25B 7.8B 2.1140 5.00 38.98B

National Grid Has Avoided Material Virus Hit to Date But Expects Capital Program Delays

02/04/2020 7:49am

Dow Jones News


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

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By Jaime Llinares Taboada

 

National Grid PLC said Thursday that it has not had any material hit from the coronavirus pandemic to date, although its capital program has had some delays and disruption.

The power company said it has suspended debt collection and customer terminations in the U.S., causing lower turnover and increasing the risk of bad debt.

For the year ended March 31, the U.K. group expects underlying performance before any coronavirus impacts to be in line with guidance.

National Grid will take into account "expected business performance and regulatory developments, including an assessment of the impact of the coronavirus" for determining the final dividend for the fiscal year, it said.

National Grid was expected to report earnings before interest, taxes, depreciation and amortization of 5.36 billion pounds ($6.64 billion) for fiscal 2020--taken from FactSet and based on three analysts' forecasts--which would be up from GBP5.16 billion a year earlier.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

April 02, 2020 02:34 ET (06:34 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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