BRITISH Gas owner Centrica yesterday reported profits of £1.44bn for last year.
The figure, which was down five per cent on the previous year, included profits of £95m from the company's residential energy arm after the division made a loss in the first half of the year.
British Gas recently announced a fall in tariffs after losing a million customers last year because of rising energy bills. Turnover for the division was up 18 per cent to £7.1bn due to price increases in March and September, which were imposed in order to cover a surge of 42 per cent in wholesale gas prices over the course of the year.
The residential arm made losses of £143m in the first half of the year, but achieved profits of £238m in the second half.
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