Despite the increase in residential consumption due to colder weather than in the previous year, the 10% decrease in household tariffs puts some pressure on margins. Revenue decreased by 2% yoy to £15.45bn, adjusted operating profit decreased by 3% yoy to £1bn. Adjusted for one offs, net income increased by 15% to £611m.
31 Jul 2015
Pressure from lower gas prices: asset disposal and job cuts
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Pressure from lower gas prices: asset disposal and job cuts
Centrica plc (CNA:LON) | 132 -1.8 (-1.1%) | Mkt Cap: 7,038m
- Published:
31 Jul 2015 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Despite the increase in residential consumption due to colder weather than in the previous year, the 10% decrease in household tariffs puts some pressure on margins. Revenue decreased by 2% yoy to £15.45bn, adjusted operating profit decreased by 3% yoy to £1bn. Adjusted for one offs, net income increased by 15% to £611m.