Centrica’s Stock Price Climbs as Gas Subsidiary Posts Stellar Profits ...Middle East

Centrica, the owner of British Gas, issued a “strong 2023 financial result” today, as the company’s retail division saw a sharp jump in profits for the year. In the company’s annual results, it revealed operating profit for 2023 came in at £2.8bn, down on 2022’s figure of £3.3bn. British Gas Energy saw profits skyrocket from £72m to £751m, slightly exceeding analyst expectations of £747m. This offset a decline in profit from the group’s other businesses, namely Centrica Energy, which…

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