National Grid profit falls 82% as dividend rises

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November 20, 2008

National Grid profit falls 82% as dividend rises November 20th, 2008 LONDON (MarketWatch) — U.K. electricity network operator National Grid said Thursday that it’s six-month net profit fell 82% to 425 million pounds ($635 million) after large one-off gains a year earlier, while revenue for the period rose 43% to 6.07 billion pounds. Operating profit excluding exceptional items was up around 1% at 1.08 billion pounds as costs also rose strongly. The group raised its dividend by 8% to 12.64 p
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