Centrica Predicts Almost Eightfold Increase In Full Year Profits ...Middle East

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Centrica Predicts Almost Eightfold Increase In Full Year Profits
source : OILPRICE ( Middle East ) () 19
British Gas owner Centrica has predicted a near eightfold increase in its full-year profits, powered by soaring energy prices last year following Russia’s invasion of Ukraine. The energy giant now anticipates earnings of 30p per share, way above analyst expectations of 22p per share compiled by Bloomberg. Centrica attributed its strong uptick in performance to robust trading across its electricity generation assets alongside gas production from fields in the North Sea. Investors have responded positively to the bullish update, with shares…

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