Full Year Results 

SSE suffers due to wholesale slump

SSE suffers due to wholesale slump

As the energy sector continues to battle regulatory and political challenges, SSE (SSE) saw group adjusted operating profit decline by more than a quarter to £1.14bn in 2019. The fall was largely driven by a deterioration in the wholesale business, where adjusted operating profits plunged by 71 per cent to £192m. Persistently high gas prices resulted in a £285m adjusted operating loss in energy portfolio management, although this is expected to reduce to around £115m this year. 

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