Despite revenue growth of 8.2% to £12,184m, the group presented a weak start of the year with reported profits falling 30.9% to £549.4m. In line with lower operating profit, the group has reported EPS down 43.9% to 29.2p. On an adjusted basis, the group’s results are less dramatic than on a reported basis, but operating profit still dropped by 8% to £586.2m and EPS was down by 8.8% to 31.2p. Operating cash flows fell by 34.5% and capex was maintained at the previous ye
09 Nov 2017
SSE/npower merger confirmed; SSE's earnings below expectations
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SSE/npower merger confirmed; SSE's earnings below expectations
SSE plc (SSE:LON) | 1,657 215.4 0.8% | Mkt Cap: 18,118m
- Published:
09 Nov 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Despite revenue growth of 8.2% to £12,184m, the group presented a weak start of the year with reported profits falling 30.9% to £549.4m. In line with lower operating profit, the group has reported EPS down 43.9% to 29.2p. On an adjusted basis, the group’s results are less dramatic than on a reported basis, but operating profit still dropped by 8% to £586.2m and EPS was down by 8.8% to 31.2p. Operating cash flows fell by 34.5% and capex was maintained at the previous ye