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National Grid reports profit rise helped by U.S. business

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National Grid reports profit rise helped by U.S. business

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(Reuters) - British power grid operator National Grid Plc's <NG.L> full-year profit rose 3.5 percent, helped by growth in its U.S. business.

Underlying operating profit rose to 3.5 billion pounds 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.

(Reporting by Arathy S Nair in Bengaluru; editing by Jason Neely)

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