Build Scotland Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
12/11/2014

Pre-Tax Profit Increase For SSE

Construction News Image
SSE has announced a rise in its pre-tax profits for the six months to 30 September 2014.

The profit comes after the energy firm made a "significant" investment in the electricity network, it said. However, it added that it did make a loss in its energy supply business.

For the six months to the end of September, preliminary results reveal SSE's pre-tax profit increased by 4.6% to £370.3m. Its energy supply business reported an operating loss of £16.9m, saying a "sustained period of unusually warm weather" and a competitive energy market was to blame.

-- Advertisement --
NorthernAsbestosServicesLtd

Elsewhere, the company's networks business posted a 4.7% in its operating profit to £458.4m, reflecting the "continuing major investment in the infrastructure, pipes and wires used to transmit and distribute energy to homes and businesses".

SSE also reported an 83% drop in operating profit in its wholesale division to £26.7m; this was due to a significant fall (86%) in electricity generation profit.

Alistair Phillips-Davies, Chief Executive, commented: "In tough market conditions we have been able to deliver solid business results at the same time as being a responsible company that does the right thing by its employees and its customers."

(JP/MH)

Latest Construction News

22/11/2024

SP Energy Networks has announced a major investment in Britain's electricity grid, selecting 19 preferred partners to deliver a £5.4bn supply chain programme. This significant initiative aims to meet increasing energy demand and facilitate future growth. The selected companies, many of which are ...
22/11/2024

Edinburgh City Council has launched a 12-week public consultation on a new strategy to revitalise Princes Street and the wider Waverley Valley. The vision aims to create a more vibrant and welcoming city centre, attracting investment, supporting businesses, and enhancing the visitor ...
22/11/2024

Ener-G Services Limited, a leading UK electrical engineering company specialising in renewables, marine, and offshore sectors, has expanded its operations in Westhill, Aberdeenshire. The company has leased Unit 6E at Kingshill Commercial Park, a 2,500 sq ft space, on a 5-year lease. This new ...
22/11/2024

A consortium of leading scientists, industry experts, and academic institutions has joined forces to accelerate Scotland's offshore wind sector. The £2.5 million project, led by the University of Edinburgh in collaboration with the University of Dundee and the Forth and Tay Offshore cluster (FTO), ...
22/11/2024

The Port of Aberdeen and Turner & Townsend were highly commended in the 'Engineering, Construction & Infrastructure Project of the Year' category at the APM Project Management Awards 2024. The award recognises excellence in project management and the positive impact on end-users. The £420 million ...
22/11/2024

South Lanarkshire Council's £10 million fire safety improvement programme has reached a significant milestone, with CCG (Scotland) completing installations in over 1,700 high-rise residences across East Kilbride and Cambuslang. The Glasgow-based construction firm has been working closely with the ...
22/11/2024

SSEN Transmission, a key player in the UK's energy transition, is set to further expand its workforce and move into a new, sustainable office space in Glasgow. The company's commitment to net zero and the increasing demand for green energy workers has led to significant growth, with the number of ...
22/11/2024

Scottish Water is investing in the upgrade of its Loch Eck clean water plant in Dunoon. The project involves replacing outdated dry well pumps with new, more reliable pumps capable of operating in both wet and dry conditions. WGM Engineering, an RSK Group company, has been tasked with carrying out ...
22/11/2024

Scottish Land & Estates has expressed serious concerns over the Scottish Government's Land Reform Bill, particularly the provisions that would allow ministers to force landowners to sell large estates in lots. Sarah-Jane Laing, the organisation's chief executive, stated that while the land-based ...
22/11/2024

Clark Contracts employees have once again shown their commitment to community engagement by volunteering at Silverburn Park in Leven. On Thursday, 21st November, 16 members of the team spent their day planting over 400 trees and carrying out other landscaping tasks. This latest volunteering effort ...
RBT Underfloor LimitedMorris & Spottiswood LtdToner Damp Proofing SuppliesNo HydroSEEIT3DCF Concrete PumpingMaccaferri LtdDiscount Kitchens and Bathrooms LtdShopfronts ScotlandJSJ Foam Insulation Ltd
Terms and Conditions
2024/11/23 07:26:19