The group has published good full-year 2016/17 results with reported operating profit increasing by 234% to £1,940m and reported net profit increasing by a similar amount (+247%) to £1,599m. The difference is due to impairments incurred in 2015/16 on generation, gas storage and production assets; However, on an adjusted basis, operating profit increased by 2.7% and EPS increased by 5.2%, which are in the higher range of the market’s expectations, helped by a lower effective
17 May 2017
Strong 2016/17 results, but 2017/18 guidance below expectations; pressure on retail continues
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Strong 2016/17 results, but 2017/18 guidance below expectations; pressure on retail continues
SSE PLC (SSE:LON) | 2,215 -797.4 (-1.6%) | Mkt Cap: 24,565m
- Published:
17 May 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3 -
The group has published good full-year 2016/17 results with reported operating profit increasing by 234% to £1,940m and reported net profit increasing by a similar amount (+247%) to £1,599m. The difference is due to impairments incurred in 2015/16 on generation, gas storage and production assets; However, on an adjusted basis, operating profit increased by 2.7% and EPS increased by 5.2%, which are in the higher range of the market’s expectations, helped by a lower effective