SSE has published its half-year results which show revenues falling 18.6% yoy to £11.26bn. However, a substantial reduction in the COGS (-23.5% yoy) has boosted both the gross and operating profit to reach £636.7m (+141% yoy). Along the same lines, the net profit for the company reached £476.2m, which is a +147% yoy increase, translating into an EPS of 47.2p. However, on an adjusted basis, it is a completely different story. Adjusted operating profit decreased by 9.2% to &po
10 Nov 2016
Retail and wholesale weigh on the half-year results
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Retail and wholesale weigh on the half-year results
SSE plc (SSE:LON) | 0 0 0.0% | Mkt Cap: 18,042m
- Published:
10 Nov 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
SSE has published its half-year results which show revenues falling 18.6% yoy to £11.26bn. However, a substantial reduction in the COGS (-23.5% yoy) has boosted both the gross and operating profit to reach £636.7m (+141% yoy). Along the same lines, the net profit for the company reached £476.2m, which is a +147% yoy increase, translating into an EPS of 47.2p. However, on an adjusted basis, it is a completely different story. Adjusted operating profit decreased by 9.2% to &po