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NG. National Grid Plc

954.40
0.00 (0.00%)
13 Feb 2025 - Closed
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
  0.00 0.00% 954.40 955.80 956.20 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Combination Utilities, Nec 19.86B 2.29B 0.4681 20.39 46.69B

National Grid Sees Operating Profit Significantly Ahead Of Last Year

31/01/2011 2:52pm

Dow Jones News


National Grid (LSE:NG.)
Historical Stock Chart


From Feb 2020 to Feb 2025

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National Grid PLC (NG.LN), the utility giant, Monday gave an update on trading for the period from Oct 1, 2010 to Jan 30, 2011, saying it is well positioned for 2010/11 with operating profit significantly ahead of last year.

MAIN FACTS:

-Earnings per share expected to be broadly in line with the restated level for 2009/10, eliminating the dilutive impact of the rights issue in May 2010.

-Capital expenditure program now expected to total around GBP3.6 billion for the full year.

-New rate order received for Niagara Mohawk Electric in the U.S..

-Initial consultation on RIIO proposals for 2013 U.K. price reviews.

-Positioned for a particularly strong year, driven by profit growth in U.S. business and a number of timing items.

-Continues to deliver both strong operational and financial performance this year across all of its businesses.

-The strong momentum seen in the first half has continued and has further improved, driven by cold winter weather following the hot weather in the U.S. in the summer.

-Expects to move from a closing underrecovered regulated revenue position of about GBP200 million at March 31, 2010, to an approximately neutral position at March 31, 2011 which will positively impact earnings for the current year.

-U.S. Gas Distribution business is performing particularly well this year with customer growth and income from new rate plans contributing significantly.

-Group is also seeing improved performance from non-regulated businesses, with Phase 3 of its Grain LNG terminal commencing commercial operations in December and providing extra supply security in time for the peak winter period.

-Expects to recommend an increase of 8% in full year dividend.

-Shares at 1415 GMT up 2.84% at GBP5.62 valuing the company at GBP19.17 billion.

-By Jana Weigand, Dow Jones Newswires; 44-20-7842-9314; jana.weigand@dowjones.com

 
 

1 Year National Grid Chart

1 Year National Grid Chart

1 Month National Grid Chart

1 Month National Grid Chart