Thursday, October 28, 2010

National Grid FY10 Pre-tax Profit Rises


National Grid

National Grid






(RTTNews) – Electricity and gas company National Grid Plc (  NG.L | PowerRating,  NGG | PowerRating) Thursday reported a 12% increase in fiscal 2010 pre-tax profit, reflecting lower operating costs, despite a decline in yearly revenues. The profit growth also reflects a gain from exceptional items, remeasurements and stranded cost recoveries. In addition, the board has recommended an 8% increase in its full-year dividend.

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