National Grid sees FY EPS 5p higher than estimated
National Grid said on Wednesday that its earnings per share in 2016/17 will be around 5p higher than previous estimated on the back of higher electricity and gas volumes in the UK and US.
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"The group expects headline full-year results to reflect higher favourable timing in both its UK and US businesses. The over-recoveries primarily relate to out-turn electricity and gas volumes being different to anticipated volumes (e.g. due to weather). Additionally, US over-recoveries also benefit from mandated State level collections."
The company is due to release its preliminary results for the year on 18 May.
At 0835 BST, the shares were down 0.1% to 1,029.95p.