SSE Full-Year Net Profit Down 87%

SSE PLC

posted a 2% rise in its full-year adjusted profit before tax. SSE's net profit for the period dropped 87% y/y to GBP197.8 million, from GBP1.5 billion, in the year-ago period. Its revenue climbed 12% to GBP31.72 billion, from GBP28.33 billion. SSE's adjusted profit before tax rose to GBP1.34 billion, from GBP1.31 billion. SSE lifted the full-year dividend by 6.8% y/y to 80.1 pence per share. SSE PLC shares closed at $21.37 yesterday.