SSE downgrades full-year earnings outlook amid weak energy prices
LONDON, Nov 12 (Reuters) – Britain’s second-biggesthousehold power provider SSE (LSE: SSE.L – information) said it anticipated full-yearearnings per share ahead in at the lower end of expectationson the rear of weak energy prices.
The utility added nonetheless that it anticipated to pay a higherannual returns after its acting dividend settlement rose 2.3 percent to 26.6 cent each share.
The Scotland-based energy vendor saw an 83 percent declinein operating earnings in its wholesale department to 26.7 millionpounds, driven by an 86 percent dive in earnings in electricitygeneration.
The supplier shed 210,000 custiomer accounts in Britain andIreland (Other OTC: IRLD – information) over the first one-half of its monetary year and also its usersconsumed considerably much less energy in a warmer-than-averageperiod. (Reporting by Karolin Schaps; modifying by Sarah Youthful)
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