Energy supplier says lower wholesale gas prices and intense competition weighed on annual profits
SSE, one of the big six energy suppliers, has lost 370,000 customers over the past 12 months but still managed to keep its retail operating profits steady at £455m.
Overall group profits before tax and after adjustments were down by 3.3% to £1.5m due to lower gas prices, mild weather and price controls in the distribution side of the business. But the company still raised its annual dividend by 1.1% to 89.4p.
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