Centrica released a rather weak set of H1 results. EBITDA was broadly flat while adjusted operating profit was down 4% as profit recovery in E&P was more than offset by tough market conditions in the Retail segment. The group confirmed its FY18 objectives and expects to pay a stable dividend in 2018 (12p).
31 Jul 2018
Rising wholesale costs and intense competition weigh on H1 results
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Rising wholesale costs and intense competition weigh on H1 results
Centrica plc (CNA:LON) | 132 2.1 1.2% | Mkt Cap: 7,073m
- Published:
31 Jul 2018 -
Author:
Edouard Enault -
Pages:
3
Centrica released a rather weak set of H1 results. EBITDA was broadly flat while adjusted operating profit was down 4% as profit recovery in E&P was more than offset by tough market conditions in the Retail segment. The group confirmed its FY18 objectives and expects to pay a stable dividend in 2018 (12p).