RESULTS FOR THE YEAR ENDED 31 MARCH 2016
HIGHLIGHTS
Strong performance, with a significant level of investment
· Adjusted operating profit of £4.1bn, up 6%
· Adjusted earnings per share of 63.5p, up 10%
· Group Return on Equity of 12.3% (2015: 11.8%)
· Total investment of £3.9bn, up from £3.5bn, driving regulated asset base growth of 4%
· Solid UK performance, generating savings of over £330m for customers in the first 3 years of RIIO
· Good progress with significant rate filings in New York and Massachusetts
· Strong year in Other activities led by interconnector and property performance
· Value Added of £1.8bn or 47.6p per share
· Recommended full year dividend up 1.1% to 43.34p (2015: 42.87p)