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National Grid nyse Ngg Posts 14 Profit Growth in First Half

National Grid (NYSE: NGG) Posts 14% Profit Growth in First Half

On Thursday, National Grid (NYSE: NGG) posted a 14% increase in first-half underlying profit, helped by higher UK electricity transmission revenue and better rates at its New York businesses.

The company, which runs Britain’s energy systems and operates electricity and gas business in New York and Massachusetts, posted an underlying operating profit of 2.05 billion pounds ($2.65 billion) for the six months ended September 30, above last year’s 1.8 billion pounds.

($1 = 0.7732 pounds)

(Source: Reuters)

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Mark Glenn
Mark Glenn is a financial journalist and breaking news reporter for ABBO News. Mark is known for his ability to deliver real-time news updates on market developments, mergers and acquisitions, corporate earnings reports, and regulatory changes, helping investors stay informed and make sound financial decisions.