Finance - SSE Group
For the six months to 30 September 2015 (comparisons with the same six months in 2014, unless otherwise stated):
Adjusted earnings per share increased by 47.6% to 45.9 pence;
Adjusted profit before tax increased by 48.2% to £548.8m;
Reported profit before tax fell by 27.1% to £230.8m;
Investment and capital expenditure increased by 11.5% to £757.3m;
Adjusted net debt and hybrid capital increased by 4.9% since 31 March 15 to £7,936.8m; and
Interim dividend increased by 1.1% to 26.9 pence per share.
In the previous financial year, SSE earned around one quarter of its full-year adjusted profit before tax* in the first six months; in 2015/16, it is more likely to have earned over one third of its full-year adjusted profit before tax* in the first six months.
Adjusted profit before tax* describes profit before tax before exceptional items and re-measurements arising from IAS 39, excluding interest costs on net pension scheme liabilities and after the removal of taxation on profits from joint ventures and associates.
