Business
Results for the year ended 31 MARCH 2017
Results for the year ended 31 MARCH 2017.
About this update from National Grid Plc
[{"type":"text","content":"\n \nRNS Number : 4855F National Grid PLC 18 May 2017 \n\n\n\n\n\n \nLondon | 18 May 2017: National Grid, a leading energy transmission and distribution company, today announces its Full Year results. \n \n\n\n\n\n \n\n\n\n\nReport for the year ended\n31 March 2017\n\n\n\n\nOperational Highlights\n· Strong performance and significant strategic progress\n· UK regulated efficiency and innovation generated customer savings of £460m over 4 years\n· Sale of 61% of UK Gas Distribution business complete, announced £4bn return to shareholders \n· Rates updated for downstate New York gas and Massachusetts Electric businesses\n· RIIO mid-period regulatory review completed\n· Further clarity on the UK System Operator role\n\n\nFinancial Highlights\n· Total adjusted1 EPS of 73.0p\n· Total adjusted EPS excluding timing of 66.1p, up 6%\n· Total Group Return on Equity of 11.7% (2016: 12.3%)\n· Significant total capital investment of £4.5bn, up 5% at constant currency\n· Recommended full year dividend of 44.27p\n· Strong balance sheet maintained\n\n\n\n\nFinancial Summary\nYear ended 31 March\n\n\n\n\n \n\n\n\n\n \n\n\n \n\n\nTotal2\n\n\n \n\n\nContinuing\n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n2017 \n\n\n2016 \n\n\n% Change\n\n\n \n\n\n2017\n\n\n2016 \n\n\n% Change\n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\nAdjusted results1\n\n\n \n\n\n \n\n\n\n\nOperating profit (£m)\n\n\n \n\n\n4,667\n\n\n4,096\n\n\n14\n\n\n \n\n\n3,773\n\n\n3,214\n\n\n17\n\n\n \n\n\n \n\n\n\n\nProfit before tax (£m)\n\n\n \n\n\n3,555\n\n\n3,142\n\n\n13\n\n\n \n\n\n2,807\n\n\n2,417\n\n\n16\n\n\n \n\n\n \n\n\n\n\nEarnings per share (p)\n\n\n \n\n\n73.0\n\n\n63.2\n\n\n16\n\n\n \n\n\n56.9\n\n\n48.0\n\n\n19\n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\nStatutory results\n\n\n \n\n\n\n\nOperating profit (£m)\n\n\n \n\n\n4,102\n\n\n4,085\n\n\n-\n\n\n \n\n\n3,208\n\n\n3,225\n\n\n(1)\n\n\n \n\n\n \n\n\n\n\nProfit before tax (£m)\n\n\n \n\n\n2,926\n\n\n3,032\n\n\n(3)\n\n\n \n\n\n2,184\...