Edition:
United Kingdom

National Grid 2018/19 Underlying EPS In Line With Co's Expectations


Thursday, 11 Apr 2019 

April 11 (Reuters) - National Grid PLC ::NATIONAL GRID PLC - UPDATE TO TECHNICAL GUIDANCE FOR 2018/19.NATIONAL GRID PLC - 2018/19 UNDERLYING EARNINGS PER SHARE ARE IN LINE WITH OUR EXPECTATIONS.NATIONAL GRID PLC - HIGHER OPERATING COSTS IN US BUSINESS OFFSET BY LOWER FINANCE COSTS IN 2018/19.NATIONAL GRID PLC - FULL YEAR RESULTS WILL REFLECT US TIMING OVER-RECOVERIES OF AROUND $290M.NATIONAL GRID PLC - EXPECT REMEDIATION COSTS ASSOCIATED WITH MAJOR STORMS TO AMOUNT TO AROUND 2P ON HEADLINE EARNINGS PER SHARE IN 2018/2019.NATIONAL GRID - HIGHER THAN ANTICIPATED OPERATING COSTS WERE OFFSET BY APPROXIMATELY £100M LOWER INTEREST COSTS IN US BUSINESS.NATIONAL GRID PLC - US TIMING OVER-RECOVERIES IS A NET BENEFIT TO HEADLINE EARNINGS PER SHARE OF APPROXIMATELY 2P.