National Grid Posts 16% Increase in Profits

Summary


NATIONAL Grid said that it was on track for another year of "strong performance" after reporting a 16 per cent rise in interim profits.

The utility group, which operates electricity and gas networks, posted underlying pre-tax profits of Pounds 649 million in the six months to September 30.

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National Grid Posts 16% Increase in Profits

Its ability to earn regulated returns - set acc...

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