SSE expect profit growth despite loss of 50,000 customers

Switch energy and sort your Christmas stocking fillers

 
Compare energy deals and switch supplier to cut your bills by £477* and a chance to WIN Amazon Fire Sticks and Echo Dots

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

*Between 1 Jan 2019 and 30 June 2019, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £477 or more.

Considered as one of the 'big six' energy suppliers, SSE has revealed that it expects a growth in profits, according to an article published by Scotsman.com.

The energy supplier remains confident despite the loss of around 50,000 customers during the last nine months of 2011, and the relatively mild winter enjoyed by many, which saw a much lower consumption of gas and electricity.

Analysts have forecast that the profit margin will increase by two per cent to £1.33 billion.

Commenting on the forecast, SSE's chief executive, Ian Marchant, said: "This financial year has been characterised by continuing economic uncertainty and ongoing challenges in global energy markets.

"That uncertainty and these challenges are likely to continue in the new financial year. Nevertheless, SSE remains on course to deliver further growth in the dividend and in adjusted profit before tax and I am particularly pleased with the continuing good progress in large capital projects."

Latest gas and electricity news brought to you by UK Power - the energy price comparison site.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.


Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more