Centrica Profit to Be Lower Than Expected After Warm Winter
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Centrica Plc, the U.K.’s largest energy supplier to households, said 2014 earnings will be lower than estimated after a warm winter cut gas demand.
Centrica expects adjusted earnings per share of 22 pence to 23 pence (37 U.S. cents to 39 U.S. cents) for the full year. Analysts had expected 25 pence a share, according to data compiled by Bloomberg. The average customer bill in the U.K. was 10 percent lower than last winter, the Windsor, England-based company said today in a statement.