logo
Plus   Neg
Share
Email

National Grid 6-month Pre-tax Profit Down 33% - Quick Facts

National Grid PLC (NG.L,NGG) reported profit before tax of 522 million pounds for the six months ended 30 September 2018, down 33 percent from 780 million pounds in the same period last year.

Profit to equity shareholders of the parent fell to 431 million pounds from 676 million pounds in the previous-year period. Earnings per share declined to 12.7 pence from 19.0 pence last year.

Headline profit before tax was 733 million pounds, compared to 737 million pounds in the prior year. Headline earnings per share were 17.8 pence, compared to 16.6 pence a year ago.

Revenue for the year declined to 6.35 billion pounds from 6.68 billion pounds in the prior year.

The company said its board of directors has approved an interim dividend of 16.08 pence per share, to be paid on 9 January 2019 to shareholders on the register as at 23 November 2018.

Looking ahead, National Grid said it sees strong growth prospects across the Group. The company noted that there are a wide range of growth drivers for the US, UK and NGV businesses, which are expected to deliver high quality asset growth of at least 7 percent for the next two years, and at the top end of the company's 5 percent to 7 percent range in the medium term.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Video streaming giant Netflix said it will donate 1 million euros to Audiens, the social protection group of the French cultural sector, to help launch a COVID-19 emergency relief fund to support workers in the French television and cinema industry. Netflix and Audiens said they have created the new COVID-19 Film and TV Emergency Relief Fund to help the hardest hit workers in the industry. Major U.S. retail container ports are estimated to report a five-year low for imports in March as consumer demand has been impacted with millions of Americans out of work amid the coronavirus (COVID-19) outbreak, according to a report by the National Retail Federation or NRF. The U.S. Food and Drug Administration has issued warning letters to three sellers of fraudulent COVID-19 products. There are currently no approved preventatives or treatments for COVID-19, the FDA said in a statement.
RELATED NEWS
Follow RTT
>