- 16 updates
Centrica this morning announced a group adjusted operating profit of £2,415m in 2012, up 14% from 2011.
The group runs British Gas and Scottish Gas in the UK.
Centrica has announced profits of £606m from its residential energy supply business in 2012, up 11% from 2011.
On Sunday Centrica sought to deflect flak over another jump in annual profits by flagging up its importance to the UK economy.
Chief executive Sam Laidlaw said its contribution to GDP was equivalent to a city the size of Manchester, and its tax bill amounted to £158 for every UK household.
Centrica published the findings of its specially commissioned report ahead of an expected double-digit rise in profits after increasing bills by 6% for around 8.5 million households at the end of last year.
Mr Laidlaw said: "At a time of uncertain economic prospects, our activities across the UK are even more important to secure employment, put the supply chain to work and contribute our fair share of tax."
Analysts are forecasting that Centrica will announce a 15 per cent rise in operating profits, amounting to £2.77 billion.
Profit results, which will be announced by the company today, come after Ofgem boss Alistair Buchanan warned of price rises, due to the energy supply crunch from ageing power plants.
Company chief executive Sam Laidlaw has defended the company stating that Centrica's tax bill amounted to £158 for every UK household, and that the company stimulated growth, creating jobs in the country.
Centrica is to announce another jump in annual profits, months after an increase in customer bills.
Trading under the name British Gas, the City is predicting profits of nearly £600 million, up from around £550 million in 2011.
At the end of last year, Centrica increased tariffs by 6 per cent for around 8.5 million households.
The company pre-empted any backlash at the weekend by publishing a report about its positive impact on the British economy.
British Gas parent Centrica will stoke public anger over energy firm profits tomorrow when it reveals another jump in annual profits just months after hiking customer bills.
The City is predicting the group's British Gas residential arm will deliver profits of £598 million, up from £544 million in 2011 after last year's colder-than-normal weather provided a boost.
Its results come amid mounting questions over the fairness of energy prices after British Gas increased tariffs by 6% for around 8.5 million households at the end of last year.
Centrica has already sought to head off consumer backlash by flagging up its importance to the UK economy after publishing a report at the weekend claiming it contributes more than £14 billion through taxes, job creation and contracts with small suppliers.