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British Gas profits jump by 58% | British Gas profits jump by 58% |
(10 minutes later) | |
Operating profits at British Gas jumped by 58% in 2009, its parent company Centrica has said. | Operating profits at British Gas jumped by 58% in 2009, its parent company Centrica has said. |
British Gas's residential energy arm saw its operating profit climb to £595m last year from £376m in 2008. | British Gas's residential energy arm saw its operating profit climb to £595m last year from £376m in 2008. |
The announcement comes just days after energy regulator Ofgem reported that energy firms' profit margins had risen in recent months. | The announcement comes just days after energy regulator Ofgem reported that energy firms' profit margins had risen in recent months. |
Earlier this month, British Gas announced that it was cutting its standard gas prices by an average 7%. | Earlier this month, British Gas announced that it was cutting its standard gas prices by an average 7%. |
Adjusted operating profit at Centrica fell 7% to £1.86bn. |