National Grid Reports Significant Profit Increase

National Grid’s annual profits rose by a fifth as it lauded stable growth against a backdrop of “international economic uncertainty.” On an underlying basis, pre-tax profit increased 20 per cent to £3.7bn over the 12 months ended 31 March. Earnings per share rose two per cent to 73.3p, ahead of previous guidance.

National Grid announced a total dividend of 46.72p for its shareholders, which include major institutional investors such as Blackrock and Vanguard. “At a time of international economic uncertainty, National…