An SSE vehicle is parked outside the Pitlochry Dam hydro electric power station in Pitlochry, Scotland, Britain, November 8, 2017. REUTERS/Russell Cheyne/File Photoon Friday raised its annual earnings forecast helped by strong market conditions, and said it would invest any additional profit it makes into low-carbon electricity infrastructure.
The company said it now expects adjusted earnings per share of more than 150 pence for fiscal year 2023 ending March 31, up from the previous outlook of at least 120 pence. The group's finance director Gregor Alexander said in a trading statement that its 12.5 billion pound net-zero acceleration programme was progressing "at pace".
SSE also said it intends to recommend a full-year dividend of 85.7 pence per share plus retail price index for 2023 fiscal, adding that the payout was expected to increase by at least 5% per annum in 2025 and 2026 financial years.
Scum
JP_Biz Hahaha. Superb. They've a few hundred million from government since about 9th January they're *sitting on*, getting the interest, before dispensing the £600 to their sseairtricity SSEAirHelp customers... 😉😆
Guillotine time
While our bills go up and, their profits go up and up too. Nothing to do with Russia-Ukraine.
JP_Biz Is one of the drivers of increased profits at SSE that Renewable energy is sold at prices linked to electricity generated with Gas