Centrica's Profits Decline Amid Return to Market Normalcy

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 15 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 68%

British Gas Notícia

Centrica,Energy Market,Earnings

Centrica, the owner of British Gas, reports a significant decline in profits for the first half of 2024, citing a return to normal market conditions after two years of bumper earnings.

The owner of British Gas, Centrica, has blamed “normalising” market conditions after two years of bumper results for its heavy slide in profit in the first half of this year. Centrica—the FTSE 100 constituent that owns British Gas and looks after Scottish Gas and Bord Gáis—reported a near 50 percent decline in adjusted operating profit for the six months to 30th June, from £2.1bn to £1bn. Basic earnings per share dropped from 25.8p to 12.

Chris O’shea, the group’s enigmatic chief executive who has previously gone on record as saying he is paid too much, said “Our core businesses continued to deliver in line with our expectations in the first half of 2024, against the backdrop of more normalised market conditions.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 34. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

STMicroelectronics sees sharp decline in Q2 earnings amid weak auto sector demandNXP Semiconductors and Texas Instruments also hit by slowdown
Fonte: TheRegister - 🏆 67. / 61 Consulte Mais informação »