Thursday, National Grid Plc (NGG, NG.L) said its six-month total pre-tax profit rose to GBP 944 million from GBP 564 million in the prior year period. Profit for the period attributable to equity shareholders of the parent increased to GBP 696 million from GBP 423 million in the year-ago period. Earnings per share for the period were 28.1 pence, up from 16.7 pence in the previous year.
Revenue for the period declined to GBP 6.04 billion from GBP 6.07 billion
The directors of the company have proposed an interim dividend of 13.65 pence per share that would absorb around £336 million of shareholders' equity to be paid in respect of the year ending 31 March 2010.
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