The Spring of Discontent

[Mellsblue]

75m is just 2.3% of Centrica's 3.3BN 2022 profit.

Not really that simple. That’s their profit before interest and taxes, and their effective tax rate is currently 65%.
I’m also fairly sure that figure includes overseas subsidiaries.

Okay, their profit after tax is 2.1 BN, their effective tax rate is 34% and geographic split of UK to total is 74% for revenue, 85% for assets.

https://www.centrica.com/media/6020/cen ... cement.pdf

As I said, not really that simple.

[OnlyMonikerRemaining]

https://www.theguardian.com/business/20 ... -customers

UK mobile and broadband firms plan huge price rise for existing customers

Late to this but mine has come down by over 50% so I have switched to a 3 times faster deal with enhanced support for less money. Zen if anyone is interested

[Son of Mathonwy]

Not really that simple. That’s their profit before interest and taxes, and their effective tax rate is currently 65%.
I’m also fairly sure that figure includes overseas subsidiaries.

Okay, their profit after tax is 2.1 BN, their effective tax rate is 34% and geographic split of UK to total is 74% for revenue, 85% for assets.

https://www.centrica.com/media/6020/cen ... cement.pdf

As I said, not really that simple.

Still pretty simple.

It makes sense to use the pre-tax profit figure because that's the same way the effective tax rate is calculated. Sure, we can exclude roughly 20% of the total for non-UK business leaving us with 2.64 BN profit.

So 75m is 2.8% of Centrica's UK profit.