Stock Market News
SSE on course to up profits
31-01-2012 12:00
| Add To Google +1 | Tweet |
Energy firm SSE said it was on course to deliver an increase in the dividend per share and an increase in pre-tax profits for the financial year to 31 March 2012.
This came despite its nine month update showing the number of electricity and gas customer accounts it has Great Britain and Ireland fell by 50,000 to 9.60 million.
Their consumption also fell with SSE's household customers in Great Britain using 8.3% less electricity and 26.6% less gas.
Its figures show that an average household customer paid £710 for electricity and gas in the nine months to 31 December 2011, compared with £760 in the nine months to the end of 2010.
In January SSE announced a cut of 4.5% in its unit price for household gas with effect from 26 March 2012 and said it would not to implement any increase in household electricity and gas prices until October 2012 at the earliest.
The company also said it continued to expect total capital and investment expenditure to be around £1.7bn for 2011/12 as a whole.
"This financial year has been characterised by continuing economic uncertainty and ongoing challenges in global energy markets," Chief Executive Ian Marchant.
That uncertainty and these challenges are likely to continue in the new financial year," he added." Nevertheless, SSE remains on course to deliver further growth in the dividend and in adjusted profit before tax and I am particularly pleased with the continuing good progress in large capital projects."
This came despite its nine month update showing the number of electricity and gas customer accounts it has Great Britain and Ireland fell by 50,000 to 9.60 million.
Their consumption also fell with SSE's household customers in Great Britain using 8.3% less electricity and 26.6% less gas.
Its figures show that an average household customer paid £710 for electricity and gas in the nine months to 31 December 2011, compared with £760 in the nine months to the end of 2010.
In January SSE announced a cut of 4.5% in its unit price for household gas with effect from 26 March 2012 and said it would not to implement any increase in household electricity and gas prices until October 2012 at the earliest.
The company also said it continued to expect total capital and investment expenditure to be around £1.7bn for 2011/12 as a whole.
"This financial year has been characterised by continuing economic uncertainty and ongoing challenges in global energy markets," Chief Executive Ian Marchant.
That uncertainty and these challenges are likely to continue in the new financial year," he added." Nevertheless, SSE remains on course to deliver further growth in the dividend and in adjusted profit before tax and I am particularly pleased with the continuing good progress in large capital projects."
| Related share prices |
|---|
| SSE (SSE) share price |
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- UK 100 Shares
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways share price
- Centrica share price
- Tesco share price
- National Grid share price
- RBS share price
- GSK share price
- Marks and Spencer
- Rolls Royce share price
- Banco Santander price
- Rio Tinto share price
- Amec Share price
- Corac share price
- Lookers share price
- Telecom plus share price
- Kier share price
- Punch taverns price
- Blinkx share price
- Tan share price
- Yell share price
- Rsa share price
- Pendragon share price
- Logica share price
- Bat share price
- Sky share price
- Kingfisher share price
- Dragon Oil share price
- Desire Petroleum share price
- RRL share price
- BPC share price
- VOG share price
- SAR share price


Prices

