Profit Forecast at The Times11 Feb 2023 00:34
British Gas owner Centrica fires up record £3bn profit
The owner of British Gas is poised to trigger fresh anger when it announces a record £3 billion annual profit thanks to soaring energy prices that have caused misery for consumers.
Britain’s biggest household energy supplier is already under fire after The Times revealed that it was forcibly installing prepayment meters in the homes of vulnerable customers struggling to pay energy bills, which are at a record high.
Centrica, the FTSE 100 group that owns British Gas, is expected to say on Thursday that it made adjusted operating profits of £3 billion in 2022 — the highest in its history. That would be more than three times higher than a year earlier and would outstrip its previous record of £2.7 billion, set in 2012.