BG Group's earnings surge

published 9 February 2012

Earnings before tax shot up by four-tenths from last year in the fourth quarter at gas and oil giant BG Group, as the group benefited from higher prices.

Earnings before tax rose to $1,477m in the final quarter of 2011 from $1,056m the year before, pushing up earnings per share to 43.5 cents from 31.2 cents in the corresponding period of 2010. The fourth quarter dividend has been hiked to 12.96 cents from 11.78 cents a year earlier.

More to follow ...