SSE profits rise by 13.9%

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Scottish and Southern Energy (SSE) has announced that its profits rose by 13.9 per cent in the 12 months until March 31st.

The energy supplier's adjusted profit before tax stood at £1,229 million for the time period, while its full-year dividend increased by ten per cent to 60.5 pence.

According to the firm, it has gained 700,000 energy supply customers due to its responsible pricing policy, while it has grown to become the UK's second largest gas and electricity provider.

Sir Robert Smith, the chairman of SSE, said the results were "very good".

He explained: "All of this gives us the means to maintain our track record of dividend growth in the next decade.

"Delivering that dividend growth, delivering our investment programme and delivering excellent service to customers are our key priorities in 2008/09 and will remain so in the years ahead."

The release of SSE's financial results follows the announcement that the company is investing in the Greater Gabbard offshore windfarm.

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