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National Grid H1 profit down; says FY09 trading in line with forecast - Update


[ RTTNews ]   20/11/08 , 16:56   / 5 reads
 


Thursday, British electricity and gas utility National Grid Plc reported a sharp fall in net profit for the first half, hurt by higher operating costs, while last year was benefited by a huge divestment gain. On a pre-tax basis, profit fell 38%, despite strong revenue growth. Further, the company announced an 8% rise in interim dividend, and said it is performing in line with expectations for fiscal 2009.

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20/11 16:56 National Grid H1 profit down; says FY09 trading in line with forecast - Update
Thursday, British electricity and gas utility National Grid Plc reported a sharp fall in net profit for the first half, hurt by higher operating costs, while last year was benefited by a huge divestment gain. On a pre-tax basis, profit fell 38%, despite strong revenue growth. Further, the company an... / RTTNews
20/11 16:56 Daily Mail posts FY08 pre-tax loss; adj. profit falls - Update
Thursday, British media company Daily Mail and General Trust Plc reported a pre-tax loss for fiscal year 2008, compared to a profit last year, hurt by foreign exchange losses on hedges of intra-group financing and other charges. Meanwhile, the company's adjusted pre-tax profit declined 9%. Amid chal... / RTTNews