SSEZY SSE PLC (PK)

By Matteo Castia

SSE PLC said Tuesday that it expects the coronavirus pandemic to cause a considerable hit to fiscal 2021 operating profit, but that it confirms its forecasts for full-year dividends and adjusted earnings per share.

The FTSE 100 energy company said the anticipated hit on full-year operating profit coming from the pandemic stands toward the middle of the 150 million pounds to 250 million pounds ($204.9 million-$341.5 million) range estimated in June 2020.

SSE said it continues to expect full-year adjusted earnings per share to be between 85 pence and 90 pence. It added that it intends to declare a full-year dividend of 80 pence a share.

The company also said total renewables output in the nine months ended Dec. 31 fell to 7,202 gigawatt hours, from 7,242 gigawatt hours in the year-earlier period.

Write to Matteo Castia at matteo.castia@dowjones.com

(END) Dow Jones Newswires

February 02, 2021 02:34 ET (07:34 GMT)

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