Bord Gáis post €30m operating loss despite €870m rise in parent company profits

In its half-year report, Centrica's operating profit increased from £1.34bn (€1.56bn) to £2.08bn (€2.43bn).

Last year, Bord Gais' parent company, Centrica, posted record-high profits amid an ongoing energy crisis, reporting earnings of €3.7bn for 2022.

Bord Gáis recorded an operating loss of €30m in the first six months of 2023 which it says is a "direct consequence" of pricing pressures in the retail supply market.

That is in spite of its parent company, UK-based Centrica, seeing adjusted operating profits for the first half rising by more than €870m.