Centrica plc reported earnings results for the full year 2009. For the year, the company reported that it swung to a profit of 844 million ($1.3 billion). Last year the firm recorded a loss of 137 million after taking charges related to energy contracts. Sales rose to 22 billion from 20.9 billion last year.

Centrica plc reported preliminary earnings results for the full year ended December 31, 2009. For the year on preliminary basis, the company reported revenue of 21.96 billion compared to 20.87 billion for the same period a year ago. Adjusted operating profit was 1,857 million compared to 2,003 million for the same period a year ago. Earnings were 1,111 million or 21.7 pence per diluted share compared to 911 million or 21.7 pence per diluted share for the same period a year ago. The company reported statutory earnings results for the full year ended December 31, 2009. For the year on statutory basis, the company reported operating profit of 1,175 million compared to 661 million for the same period a year ago. Earnings were 856 million or 16.5 pence per diluted share compared to loss of 136 million or 3.3 pence per diluted share for the same period a year ago. Operating profit includes net exceptional charges was 568 million. The Group's net debt level at December 31, 2009 was 3,136 million compared to 511 million for the same period a year ago. Purchase of property, plant and equipment was 594 million compared to 617 million for the same period a year ago. Profit from operations before taxation was 996 million compared to 659 million for the same period a year ago. Net cash flow from operating activities was 2,647 million compared to 297 million for the same period a year ago. Profit attributable to equity holders of the parent was 844 million or 16.4 pence per diluted share compared to loss attributable to equity holders of the parent of 137 million or 3.3 pence per diluted share for the same period a year ago. The company proposed a final dividend of 9.14 pence per ordinary share (totaling approximately 470 million) for the year ended December 31, 2009. The dividend will be submitted for formal approval at the Annual General Meeting on May 10, 2010, and subject to approval will be paid on June 16, 2010 to those shareholders registered on April 30, 2010.

Centrica plc, 2009 Earnings Call, Feb-25-2010