UK's National Grid reports profit rise helped by U.S. business
May 17(Reuters) - British power grid operator National Grid (LSE: NG.L - news) Plc's full-year profit rose 3.5 percent, helped by growth in its U.S. business.
Underlying operating profit rose to 3.5 billion pounds ($4.74 billion) for the year ended March 31, from 3.4 billion pounds a year earlier.
The company expects growth of at least 7 percent in the near term.
($1 = 0.7378 pounds) (Reporting by Arathy S Nair in Bengaluru; editing by Jason Neely)