Strong FY results for the company with the operating profit increasing by 8% yoy to £4.08bn and 6% yoy on an adjusted basis, which is in line with estimates. Moreover, profits before tax are up 15% yoy to £3.03bn and 9% on an adjusted basis, which is ahead of forecasts. Following the same positive path, reported EPS reached 69p which is a 30% yoy increase and a 10% increase on an adjusted basis to 63.5p, beating consensus. However, the dividend is slightly below expectations despi

19 May 2016
Earnings boosted by one-offs; dividend below expectations. Gas distribution disposal gains momentum

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Earnings boosted by one-offs; dividend below expectations. Gas distribution disposal gains momentum
National Grid plc (NG:LON) | 0 0 1.2% | Mkt Cap: 35,951m
- Published:
19 May 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3 -
Strong FY results for the company with the operating profit increasing by 8% yoy to £4.08bn and 6% yoy on an adjusted basis, which is in line with estimates. Moreover, profits before tax are up 15% yoy to £3.03bn and 9% on an adjusted basis, which is ahead of forecasts. Following the same positive path, reported EPS reached 69p which is a 30% yoy increase and a 10% increase on an adjusted basis to 63.5p, beating consensus. However, the dividend is slightly below expectations despi