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British Gas sees profits rise 31%
worldtraveller
Posts: 14,013 Forumite
in Energy
Profits at British Gas have risen by 31% to £574m for the 12 months to 31 December as gas consumption increased.
The rise in operating profits compared with £439m for the previous year.
British Gas said gas usage rose by 5% despite the warmest December on record, as 2015 had more normal temperatures compared with a very mild 2014.
However, profits at its parent company, Centrica, fell by 12% to £1.46bn as wholesale gas prices fell sharply.
BBC News
The rise in operating profits compared with £439m for the previous year.
British Gas said gas usage rose by 5% despite the warmest December on record, as 2015 had more normal temperatures compared with a very mild 2014.
However, profits at its parent company, Centrica, fell by 12% to £1.46bn as wholesale gas prices fell sharply.
BBC News
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
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Comments
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Great news for anyone investing in a pension0
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Bluebirdman_of_Alcathays wrote: »Great news for anyone investing in a pension
Not really, as the pension would be invested at the group level.0 -
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