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SSE positive FY15-16 results

Discussion in 'General Share Chat' started by Mongoose82, May 19, 2016.

  1. Mongoose82

    Mongoose82 A Legendary Member

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    Read AlphaValue's note on SSE PLC (SSE), out this morning, by visiting https://www.research-tree.com/company/GB0007908733

    "Positive FY15-16 results for the company despite the challenging conditions as the adjusted operating profit decreased by 3% yoy to £1,824m, but this was ahead of estimates. Following the same path, adjusted profit before tax fell 3.2% yoy to £1,513m, which is 2% better than expected. Reported net profit decreased by 15.2% yoy to £460m, affected by £889.8m of impartment charges linked to the wholesale market, although on an adjusted basis net income fell 1.8% to £1,195m but beating forecasts, translating into an EPS of 119..."
     
  2. Mongoose82

    Mongoose82 A Legendary Member

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    "SSE published its trading update where electricity production fell in the first quarter by 31.4% to 1.51TWh, however, output from gas production rose 37.4% to 158 million therms as a result of the Greater Laggan Area assets coming online. Moreover, customer losses continue but have slowed down with a decrease in its customer base of 0.6% in the first quarter to 8.16 million. On the other hand, home service customer accounts partially compensated the 50k customer losses in the retail business as they increased by 16k to 416k."

    AlphaValue note out today: Https://www.research-tree.com/Company/GB0007908733
     

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