Centrica's profits steady as restructuring continues


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LONDON - British energy supplier Centrica reported broadly flat operating profits on Thursday for the first six months of 2021, with the benefits of higher commodity prices and stronger energy use offset by the impact of COVID-19 and industrial action.

The owner of British Gas has sought to reinvent itself as an energy service provider, selling upstream assets, and said it will set out its future strategy on a capital markets day on November 16.

Adjusted operating profit from continuing operations, which excluded Direct Energy which it has already sold, were broadly flat at 262 million pounds versus 264 million in the first half of 2020.

The company said it would not propose an interim dividend.

(Reporting by Susanna Twidale; editing by Jason Neely)

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