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SSE Sse Plc

1,709.50
13.50 (0.80%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sse Plc LSE:SSE London Ordinary Share GB0007908733 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  13.50 0.80% 1,709.50 1,714.00 1,715.00 1,730.00 1,699.00 1,703.00 2,143,096 16:35:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric Services 12.49B -60.6M -0.0555 -309.01 18.74B

SSE Sees Return to Growth in FY17; Backs Main Financial Goals

28/09/2016 7:58am

Dow Jones News


Sse (LSE:SSE)
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LONDON--SSE PLC (SSE.LN) said on Wednesday it expects to return to growth in fiscal 2017 and report underlying earnings per share of at least 120 pence, adding that it is going to meet its main financial objectives for the full year, including raising the dividend.

The electricity and gas company also said that for the first half of the fiscal year it is going to report adjusted earnings per share of at least 33 pence.

The operating profit from the networks unit is expected to "increase slightly" in the first half, the company said.

But the wholesale division "is expected to be negatively impacted by the significantly lower output of electricity from renewable sources than in the same period in 2015," the company added.

In retail, results are also expected to be negatively impacted by rising non-energy costs, SSE said.

 

Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga

 

(END) Dow Jones Newswires

September 28, 2016 02:43 ET (06:43 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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