The group has published positive full-year results with adjusted operating profit increasing by 14% to £4,667m, profit before tax increasing 13% to £3,555m and EPS growing 16% to 73p. These are all better than expected. The strong yearly performance was mainly driven by the US (+45%), UK electricity transmission (+17%) and gas transmission (+5%). Gas distribution was up 2%. Net debt reached £19.6bn (-19.7%).
On a reported basis, the group published operating profit increasing by 0.5% to £4,102m ....

18 May 2017
Positive FY16/17 results supported by strong US performance; 2017/18 EPS below expectations

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Positive FY16/17 results supported by strong US performance; 2017/18 EPS below expectations
National Grid plc (NG:LON) | 1,056 -5.3 (0.0%) | Mkt Cap: 38,840m
- Published:
18 May 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
4 -
The group has published positive full-year results with adjusted operating profit increasing by 14% to £4,667m, profit before tax increasing 13% to £3,555m and EPS growing 16% to 73p. These are all better than expected. The strong yearly performance was mainly driven by the US (+45%), UK electricity transmission (+17%) and gas transmission (+5%). Gas distribution was up 2%. Net debt reached £19.6bn (-19.7%).
On a reported basis, the group published operating profit increasing by 0.5% to £4,102m ....