Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Commodities  >  World (autre bourse)  >  NYMEX Henry-hub gas       

NYMEX HENRY-HUB GAS
Mes dernières consult.
Most popular
SummaryNews 
News SummaryAll newsTweets

Scottish and Southern Energy : SSE Warns 1st Half, FY18 Earnings to Be Hit by Lower Networks Profit

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/27/2017 | 08:54am CEST

By Ian Walker

Utilities firm SSE PLC (SSE.LN) said Wednesday it expects first-half and full-year earnings for fiscal 2018 to be impacted by a reduction in networks, mainly due to the phasing of capital expenditure on transmission projects and the resulting impact on regulatory revenue.

SSE added that the unit will also be impacted by the sale its 16.7% equity stake in Scotia Gas Networks Ltd. last October.

The British energy company said networks adjusted operating profit for the year ended March 31, 2018 will be 150 million pounds ($201.2 million) lower than in the previous period.

Still, SSE said adjusted operating profit--which strips out exceptional and other one-off items--for the half-year ended Sept. 30 is expected to be higher in its wholesale and retail units.

The company expects first-half adjusted earnings per share in the range of 30 pence to 32 pence, compared with 34.2 pence previously, and lower than fiscal 2017 for the full year ended March 31.

Write to Ian Walker at [email protected]; @IanWalk40289749

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NYMEX HENRY-HUB GAS
10/22DJSantos Appoints Keith Spence as Next Chairman
10/20DJBHP CEO Seen as Under Pressure From Activist Elliott -- WSJ
10/19DJBP Chairman Carl Henric-Svanberg to Retire
10/19DJActivist Investor Elliott Zeros In on BHP CEO
10/19DJGazprom Approves $3.78 Billion Increase in 2017 Investment Plans
10/18DJWoodside Narrows Production Range as Wheatstone Starts Up
10/18DJSantos Tightens Output, Sales Targets
10/18DJCorrection to Oil Companies Defend Big Bets on Gas Story on Tuesday
10/18DJBHP Billiton Backs Fiscal Year 2018 Production, Unit-Cost Guidance
10/18DJEUROPEAN MORNING BRIEFING : Stocks Likely to Struggle Again
More news