Pylons photographed in the U.K.
Gareth Fuller | PA Images | Getty Visuals
Centrica mentioned on Thursday it was extending its share buyback application by £300 million (£361 million) immediately after its yearly income additional than tripled on superior electrical power price ranges, strong electrical energy technology and gasoline output degrees.
The extension, in addition to the British vitality supplier’s existing 250-million-pound buyback method, would outcome in it getting again 10% of its cash, the group mentioned.
Centrica, which restored dividends in the to start with fifty percent soon after asset product sales and soaring electricity prices helped it deliver robust half-yr earnings, declared comprehensive-12 months dividend of 3 pence for each share.
The British Fuel owner’s altered running financial gain for 2022 rose to 3.3 billion lbs from 948 million lbs . in the prior yr.