SSE. Exceptionals

SSE Results – not all they seem at first glance

SSE, the energy company formerly called Scottish & Southern Energy, published their  annual results yesterday (for the year to March 31st).  The first page of the "preliminary announcement" looked positive. It talked about Adjusted Earnings per Share up 4.1%, Adjusted Profit before Tax up 9.6% and the Full Year Dividend increased by 3.0%, among other things. But this writer was immediately suspicious because there was no mention of revenue trends in these "headline" figures - something of importance and usually included. Revenue ...
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