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SSE Fiscal Year Pretax Profit Rises - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

SSE PLC (SSE.L) reported that its fiscal year pretax profit increased to 600.9 million pounds from 268.5 million pounds last year. Profit to ordinary shareholders of the parent was 425.9 million pounds or 44.6 pence per share, compared to 197.8 million pounds or 21.1 pence per share prior year.

Before exceptional items and certain re-measure-ments, pretax profit was 1.36 billion pounds compared to 1.29 billion pounds last year. Before exceptional items and certain re-measure-ments, profit to ordinary shareholders of the parent was 982.9 million pounds, compared to 900.5 million pounds prior year.

Adjusted profit before tax was 1.41 billion pounds, compared to 1.34 billion pounds prior year. Adjusted profit per share was 118.0 pence compared to 112.7 pence prior year.

Revenue decreased to 28.31 billion pounds from 31.72 billion pounds last year.

The Board of SSE PLC has recommended a final dividend of 59.0 pence per share, to which a Scrip alternative is offered. This will make a full-year dividend of 84.2 pence per share, which is an increase of 5.1% compared to prior year.

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