Refile: UK's National Grid lifts annual profit view on strong first-half
REFILE-UK's National Grid lifts annual profit view on strong first-half Corrects company name in headline; no changes to text
Oct 5 (Reuters) - Britain's National Grid NG.L on Monday said it expects to report fiscal 2027 earnings per share above expectations, bolstered by its investment portfolio and the strength of its power grid business.
The energy company said it expects to report earnings per share growth slightly above previous outlook of 13-15% on the strength of its first half performance
The company said it expects about £130 million of one-off gains in the first half through National Grid Ventures
The uplift reflects two successful capital market transactions within the NG Partners investment portfolio and stronger performance in its inter connectors business, the company said
Half-year operating profit is expected to be in line with last year, the company said
The firm also said that its half-year net debt is expected to be broadly in line with its annual guidance, after accounting for its $1.75 billion investment in U.S. energy platform Joulent
(Reporting by Simone Lobo in Bengaluru; Editing by Nivedita Bhattacharjee)
((Simone.Lobo@thomsonreuters.com, +919920570373))
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