Drax keen to go green

Energy producer Drax's earnings came in ahead of expectations after what the firm modestly claimed was a year of continued operational excellence.

Energy producer Drax's earnings came in ahead of expectations after what the firm modestly claimed was a year of continued operational excellence.

Underlying earnings per share declined to 55.5p in 2011 from 63.9p in 2010 but was ahead of the 52.6p expected by the market. The 2010 earnings benefited from the accelerated hedge which Drax put in place during 2008 when wholesale margins were higher.

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