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Scottish And Southern Energy Full-Year Profit Up - Quick Facts

Scottish & Southern Energy Plc's (SSE.L) full-year pre-tax profit rose to 2.1 billion pounds from 1.64 billion pounds; and adjusted pre-tax profit, excluding exceptional items, remeasurements arising from IAS 39, and after the removal of taxation and interest on profits from jointly controlled entities and associates, improved to 1.31 billion pounds from 1.29 billion pounds in the previous year, which is mainly attributable to growth in Energy Networks.

Reported profit after tax increased to 1.50 billion pounds from 1.23 billion pounds last year. On a per share basis, earnings for the recent year were 162.0 pence, higher than 133.9 pence in the comparable period. However, profit attributable to equity holders of the parent, on an adjusted basis, amounted to 897.1 million pounds or 96.6 pence per share versus 947.6 million pounds or 102.7 pence per share a year ago.

Revenue for the year to March 31, 2011 totaled 28.33 billion pounds compared with 21.55 billion pounds in the prior-year period.

For 2010/11, the Board is recommending a final dividend of 52.6 pence per share, making a full-year dividend of 75 pence, an increase of 7.1% on the previous year.

by RTT Staff Writer

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