Energy Firm SSE Confirms £336.4m Profits

Written By Unknown on Rabu, 13 November 2013 | 14.47

Energy firm SSE has confirmed a return to half year profits, just two days before its household bills are due to rise by an average 8.2%.

The company made a pre-tax profit of £336.4m in the six months to 30 September following a loss of £41m in the same period last year.

But SSE said its retail arm, which supplies energy to homes, made an operating loss of £89.4m - blaming higher wholesale gas charges and the growing cost of Government 'green' levies.

The company said in October it was raising household gas and electricity bills by three times the rate of inflation to help counter an expected loss in the retail business.

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