British Gas profits up 3.2%

British Gas' residential business increased profits by 3.2% to £356 million in the first half of the year, parent company Centrica has announced.

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Centrica expected to announce rise in profits

Energy firm Centrica is expected to announce pre-tax profits rose 1.4 percent to £350 million compared with the same period last year for its British Gas residential arm.

British Gas owner Centrica will reveal its profits today. Credit: Press Association

The forecast rise does not entirely reflect gains from heavy winter gas usage, which are likely to have been offset by the cost of a new obligation to deliver energy efficiency measures in customers' homes, Deutsche Bank analysts said.

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