Scottishpower Boosts Uk Customer Base

The HeraldAugust 13, 2004

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Summary


SCOTTISHPOWER, the Glasgow-based energy group, yesterday revealed it signed another 250,000 electricity customers in the first quarter of this financial year, taking the total number for gas and electricity services to 4.5 million.

The company said pre-tax profits for the three months to June 30 fell to (pounds) 200m, down 2% on the first quarter of 2003 and below some analysts' expectations. The shortfall was well flagged before yesterday's results, with the market already anticipating lower earnings because of slower demand for heating in the United States compared with the same period last year.

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Scottishpower Boosts Uk Customer Base

ScottishPower yesterday confirmed the slip was down to a weak first quarter from its US subsidiary, PacifiCorp, which ...

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