SSE 'on course' for £1.5bn profit

[scooterscot]

Bring it on. Or rather switch it off.

Energy supplier SSE has announced it is on course to make more than £1.5bn in profit this year, despite losing 250,000 gas and electricity customers.

BBC News - SSE 'on course' for £1.5bn profit

Energy user Sandra Broke said we pay too much for our energy. Meanwhile Mr Powers, one of several directors of the Spanish owned company said they'll be celebrating shifting that tidy profit out of the UK before next Friday.

Another wonderful day for privatisation. Vote Tory, you know it makes sense.

[AtW]

As long as 23% of the profit is paid as corp tax it's ok.

[scooterscot]

As long as 23% of the profit is paid as corp tax it's ok.

Well when I said SSE made the profit, I really mean our partner company SSe Luxembourg.

[AtW]

Well when I said SSE made the profit, I really mean our partner company SSe Luxembourg.

Then it's not fine.

[DodgyAgent]

Well when I said SSE made the profit, I really mean our partner company SSe Luxembourg.

Luxembourg has a lot of electricity.

[mudskipper]

I'm 11% down on the SSE shares I bought. Hopefully they'll pull back a bit.

[MarillionFan]

So if you took the profit out, what would the true cost of an average heating bill be?

[SpontaneousOrder]

How is a business to get capital investment if it can't offer a return? And what incentive is there for efficiency with no associated profit increase?

[v8gaz]

So if you took the profit out, what would the true cost of an average heating bill be?

Bloody communist

[Zero Liability]

How is a business to get capital investment if it can't offer a return? And what incentive is there for efficiency with no associated profit increase?

Indeed, and the more pertinent question would be to ask what are they doing right that the other firms aren't.