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SSE announce £387m profit in 6mths... up 38%

ihateyes
ihateyes Posts: 1,326 Forumite
in Energy
wow.......
and the chairman says... THIS BENEFITS taxpayers!!
Promo codes are never always cheaper..... isnt that right EuropCar?

Comments

  • MillicentBystander
    MillicentBystander Posts: 3,518 Forumite
    Privatising this industry was one of the worst political decisions in our country's history....
  • pooch
    pooch Posts: 828 Forumite
    A stark contract to E.on that yesterday announced, for the three months to the end of September, a net loss of 107m euros ($136m; £85m).
    http://www.bbc.co.uk/news/business-20308816

    This, following huge losses in 2011 of 2.2bn euros (£1.8bn)
    http://www.bbc.co.uk/news/business-17363929
  • pooch
    pooch Posts: 828 Forumite
    edited 14 November 2012 at 9:35AM
    ihateyes wrote: »
    wow.......
    and the chairman says... THIS BENEFITS taxpayers!!

    Best not to believe how Murdoch's puppets like to spin things ;)

    This is what he actually said:
    Lord Smith of Kelvin, the firm's chairman, said: "While some observers may choose to criticise SSE for making a profit and paying a dividend (of 25.2p per share - a rise of 5%) I believe that profit and dividend allow SSE to employ people, pay tax, provide services that customers need, make investments that keep the lights on and create jobs while providing an income return that shareholders like pension funds need."
    http://news.sky.com/story/1011215/energy-firm-sse-defends-38-percent-profits-rise

    Appears logical.
  • footyguy
    footyguy Posts: 4,157 Forumite
    1,000 Posts Combo Breaker
    So nice to see us Brits beating the Germans yet again :D
  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I've hedged our energy bills by buying shares in SSE, Centrica and Shell. At least now when they put the price up I get some of the benefit!
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
  • Linton
    Linton Posts: 18,404 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    Ditto - like most utilities SSE pays a good dividend rate: about 5.7% effectively tax free.
  • Wywth
    Wywth Posts: 5,079 Forumite
    MillicentBystander wrote: »
    Privatising this industry was one of the worst political decisions in our country's history....
    If I see Sid, I'll tell him :D
This discussion has been closed.
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