SSE Plc FY Pretax Profit Declines; Reiterates Adj. EPS Outlook

SSE plc reported fiscal-year pretax profit of £1.84 billion, down 1% year on year, while EPS fell to 105.5 pence from 108.2 pence. Adjusted operating profit declined 8% to £2.24 billion, indicating softer underlying earnings performance despite the results remaining profitable.

Analysis

SSE plc reported fiscal-year pretax profit of £1.84 billion, down 1% year on year, while EPS fell to 105.5 pence from 108.2 pence. Adjusted operating profit declined 8% to £2.24 billion, indicating softer underlying earnings performance despite the results remaining profitable.