National Grid plc
National Grid: 2006 results
National Grid reported flat business operating profits for the year to March 2006.
The company defines “business operating profits” to exclude exceptional items and certain non-cash mark-to-market remeasurements (ie write downs or write ups to bring values in line with current prices) of commodity contracts and financial instruments that are held for economic hedging purposes; which gives […]
National Grid: H1 results
National Grid reported a 6% increase in operating profits for the half year to September 2005 driven by a strong performance in UK gas distribution. Operating profit from the continuing UK gas distribution business rose 21% at £94m, mainly due to cost control, with operating expenditure (excluding shrinkage) reduced by £19m.
A better overall operational performance […]
National Grid: Trading statement
Electricity and telecoms company National Grid said operating performance for the six months to September 2005 has been good. Performance was driven by underlying volume growth in the US, favourable results from UK capacity auctions, favourable weather conditions, a continued focus on efficiencies and a full period contribution from Crown Castle UK.
The better operational performance […]
National Grid Transco full year results
Full year turnover at National Grid Transco was down 4.0% to £8.5bn with operating profits (before exceptionals and goodwill) flat at £2.2bn. With about 45% of the sales generated in the US, the weakening of the dollar reduced operating profit by £65m (2.9% of operating profit). At CER, operating profits were up 3.0%. […]
National Grid Transco: Trading statement
The sale of the UK gas distribution networks is expected to be completed by the end of June 2005.
National Grid Transco
National Grid Transco’s first half turnover fell by 6.1% to £3.8bn largely due to a reduction in reported earnings from the US electricity distribution business. Before exceptionals and goodwill, operating profit grew 2.4% after correcting for exchange rates. With 37.6% of the operating profits generated in the US the weakening US dollar reduced […]
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