Thursday May 15, 07:35 AM
National Grid FY adjusted pretax profit 1.8 billion pounds vs 1.5 billion pounds
LONDON (Thomson Financial) - National Grid Plc (LSE: NG.L - news) reported a rise in full year adjusted pretax profit to 1.8 billion pounds from 1.5 billion pounds last year, in line with analysts' expectations.
The UK gas and electricity distributor reported a 25 percent rise in adjusted earnings per share to 48 pence, also in line with expectations.
Capital investment for the year to end-March reached 3.1 billion pounds, up 30 percent year on year.
The company said that it expects 2008/09 to be another strong year, shown by the already-announced 15 percent dividend rise this year and further 8 percent rises each year to 2012.
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