SSE PLC said Sept. 26 said that its adjusted operating profit for the six months ending Sept. 30 is expected to be about 20% of the full year total, instead of the usual 35%.
The company attributed the adjustment to the energy portfolio management loss that was incurred in the first half of the fiscal year and the continuing suspension of the capacity market.
For the full fiscal year, SSE expects the adjusted operating profit in its SSEN Electricity Distribution unit to be approximately £25 million lower than the initial forecast, which was approximately £375 million.
SSE currently expects its adjusted earnings per share for the 2019/2020 fiscal year to be 85 pence to 90 pence.
