Centrica 2019 profit drops 35% on energy price cap, lower gas prices

(Reuters) - British utility Centrica said on Thursday its annual profit last year slumped 35% due to a government price cap on some energy bills and falling natural gas prices.The owner of British Gas, Britain's largest energy supplier, said adjusted operating profit for the year ending on Dec. 31, 2019 fell to 901 million pounds from 1.39 billion pounds a year earlier."2019 operating profit and earnings were materially impacted by a challenging environment, most significantly the..