Positive FY15-16 results for the company despite the challenging conditions as the adjusted operating profit decreased by 3% yoy to £1,824m, but this was ahead of estimates. Following the same path, adjusted profit before tax fell 3.2% yoy to £1,513m, which is 2% better than expected. Reported net profit decreased by 15.2% yoy to £460m, affected by £889.8m of impartment charges linked to the wholesale market, although on an adjusted basis net income fell 1.8% to £
18 May 2016
P&L results above expectations; weak cash flows and dividend. Gas distribution stake sale
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
P&L results above expectations; weak cash flows and dividend. Gas distribution stake sale
SSE plc (SSE:LON) | 1,657 215.4 0.8% | Mkt Cap: 18,118m
- Published:
18 May 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
4
Positive FY15-16 results for the company despite the challenging conditions as the adjusted operating profit decreased by 3% yoy to £1,824m, but this was ahead of estimates. Following the same path, adjusted profit before tax fell 3.2% yoy to £1,513m, which is 2% better than expected. Reported net profit decreased by 15.2% yoy to £460m, affected by £889.8m of impartment charges linked to the wholesale market, although on an adjusted basis net income fell 1.8% to £