National Grid FY’17 half-year results announced

By Maura Mone

On November 10, we announced our FY’17 half-year earnings results. Visit our investor relations page where you can view resources to help you understand our performance.

Key highlights: We’ve had good results and performance is on track

  • Adjusted earnings per share of 28.2p, in line with last year
  • Operating Profit of £1.9bn, up 1% includes favorable timing and FX
  • Capital investment of £2.2bn, up 12% (6% at constant currency)
  • New rates for Massachusetts Electric, allowed return on equity of 9.9%
  • 3-year Joint Proposal filed for downstate New York gas businesses
  • Solid operational performance in the UK, generating savings for customers
  • UK Gas Distribution majority sale on track
  • Strong balance sheet maintained
  • Interim dividend of 15.17p per share, in line with policy

One Comment


is the american stock price of ngg stock going to rise to the projected 75 dollars a stock. or keep dropping. what is the national grids projection


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