SSE Backs Fiscal Year 2023 Earnings Growth Expectations
July 21 2022 - 2:59AM
Dow Jones News
By Jaime Llinares Taboada
SSE PLC on Thursday reiterated earnings guidance for fiscal
2023, as its performance slightly exceeded expectations in the
first quarter ended June 30.
The Scotland-based energy group continues to expect earnings per
share of at least 120 pence ($1.44) for the year ending March 31,
2023, which would be up from 95.4 pence in fiscal 2022.
In addition, SSE said its renewable electricity output rose to
2,129 gigawatt-hours in the first quarter from 1,722 GWh a year
earlier, and was 5% above plan due to weather conditions. Thermal
power generation increased to 3,809 GWh from 3,751 GWh on year due
to market conditions and plant availability.
SSE said it continues to make progress on its capex projects and
on the disposal of a 25% stake in its power transmission
business.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
July 21, 2022 02:44 ET (06:44 GMT)
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