British power generator Drax expects annual profit at top-end of market forecast

This content was published on July 26, 2024 - 08:10

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(Reuters) – British power generator Drax forecast annual profit to be at the top-end of market expectations after it posted a rise in profit for the first half of the year on Friday on strong demand for renewable energy.

The company, which is UK’s largest renewable power firm by output, said adjusted core profit for 2024 is expected to be above analysts’ consensus of 961 million pounds ($1.24 billion), according to a company-compiled consensus.

($1 = 0.7775 pounds)

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