Scottish & Southern Energy sees small rise in profits
Scottish & Southern Energy has reported a small rise in annual profits and changed its dividend payment policy.
SSE - which supplies electricity and gas to 9.35 million customers in the UK - made a profit of £1.29bn in the year to 31 March, up 3% from a year before.
The firm also said that over the next three years it would raise its dividend to shareholders by at least 2% more than Retail Price Index inflation.
Between 2007 and 2010 it had targeted increases of at least 4%.
SSE's rise in profits came despite a fall in revenues, which declined 15% from a year earlier to £21.6bn.