The company reported pre-tax profit of GBP0.7 billion, up 21% compared to GBP0.6 billion in H1 2006.
The board has approved an interim dividend of 11.7p per ordinary share, or $1.22 per American depository share (ADS), representing a 7% increase in the half-year dividend, in sterling.
Steve Holliday, CEO of National Grid, said: National Grid continues to make significant progress. We are delivering on all fronts of our strategy and have produced an excellent financial performance in this period. We have in place a strong management team that is developing a unique global operating model.
Our growth prospects are positive, given the diversity of our regulatory settlements and our plans for investment in our current business. I believe we have a great platform to deliver further improvements in customer service, reliability, safety and environmental performance and continue to deliver value for our shareholders.
