SSE Sees Return to Growth in FY17; Backs Main Financial Goals
September 28 2016 - 2:58AM
Dow Jones News
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.
Sse (LSE:SSE)
Historical Stock Chart
From Aug 2024 to Sep 2024
Sse (LSE:SSE)
Historical Stock Chart
From Sep 2023 to Sep 2024