British Gas owners Centrica report record profits as energy costs soar | Business News

Centrica’s 2022 financial results showed performance at British Gas was not as strong as its parent company – profits actually fell despite an increase in customers.

By Sarah Taaffe-Maguire, business reporter

Thursday 16 February 2023 12:08, UK

Centrica, the company that owns British Gas, has reported record profits for the 2022 financial year.

Operating profits of £3.3bn were recorded at the company, up from £948m in 2021, and surpassing the firm’s previous highest ever yearly profit of £2.7bn, posted in 2012.

The oil and gas producer has been helped by high energy prices. Wholesale…

Read more…

Be Sociable, Share!