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British Gas announce £595m Profit

25th February, 2010 - Posted by betterbills - No Comments

Although the price of wholesale gas is down 60% on record 2008 highs British gas have only cut their prices by 7% AND today announced this :- 

Operating profits at British Gas jumped by 58% in 2009 to a record high, its parent company Centrica has said.

The gas firm’s residential energy arm saw its operating profit climb to £595m last year from £376m in 2008, beating the previous high of £573m in 2007.

Coincidence ???