Overview
Interim dividend increased by 1.9% to 27.4 pence per share
Adjusted earnings per share fell by 25.5% to 34.2 pence, reflecting lower profits in Wholesale and Retail and an unusually high proportion of hybrid bond coupon payments made in the first half of the financial year
Adjusted profit before tax declined by 13.3% to £475.8m, but is the second highest H1 profit before tax delivered by SSE
Reported earnings per share increased 143% to 47.2p reflecting the cumulative impact of positive mark-to-market valuations on commodity and financial derivatives
Reported profit before tax increased by 167% to £615.9m also reflecting the cumulative impact of positive mark-to-market valuations on commodity and financial derivatives
Investment and capital expenditure rose 3.3% to £782.4m
Adjusted net debt and hybrid capital increased by 7.2% in the half year to £8,995.4m as a result of the phasing of capital expenditure and movements in foreign exchange rates.
