Bord Gais Energy makes a first-half profit of €32m for UK parent Centrica
Published 31/07/2015 | 02:30
Bord Gais Energy made a "good first contribution" to British energy firm Centrica's bottom line during the first half of the year, generating gross revenue of £400m (€569m) and a £23m (€32.7m) profit.
Centrica revealed the performance as it issued first-half results yesterday. Bord Gais Energy was sold by the State to Centrica last year for €1.1bn.
Centrica said that it had 600,000 residential customers at the end of June compared to 608,000 at the end of December , a 1pc drop.
"Bord Gais Energy performed well, having also experienced colder than normal weather which resulted in higher than normal gas consumption," according to Centrica.
Centrica claimed a price reduction Bord Gais Energy introduced in March positioned it as the cheapest standard dual energy offering among major competitors.