SSE Sees Fiscal Year Earnings In Line, Challenges Ahead
March 30 2017 - 2:59AM
Dow Jones News
By Rory Gallivan
LONDON--U.K. gas and electricity supplier SSE PLC (SSE.LN) said
Thursday it expects to report adjusted earnings per share of
between 122 pence and 125 pence for the year ending March 31, in
line with its target of at least 120 pence.
The company also said it expects to declare a dividend rise in
line with inflation of around 2%.
SSE now expects that its capital and investment expenditure for
the year will total around 1.7 billion pounds ($2.1 billion).
SSE said it expects challenges including lower operating profit
in its networks division will result in dividend cover in the next
financial year being at the lower end of the range targeted for the
next three years.
Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
March 30, 2017 02:44 ET (06:44 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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