SSE to hike dividend despite earnings drop

first_img SSE to hike dividend despite earnings drop Wednesday 10 November 2010 6:19 am Share Show Comments ▼ Scottish & Southern Energy Britain’s second-largest electricity generator, said it was sticking to plans to raise its dividend, when posting lower first-half earnings that beat expectations, lifting its shares.High wholesale gas prices and low renewable energy output led to a 6.1 per cent decline in adjusted first-half pretax profit which came in at £386m.“SSE’s key financial objective is dividend growth, and we are on course to meet our target of a two per cent real increase for the full year 2010/11, while maintaining a dividend cover in line with our established range,” chairman Robert Smith said.Perth, Scotland-based SSE, which has 9.9m customers, raised its interim dividend 6.7 per cent to 22.4 pence.Bank of America Merill Lynch analyst Fraser McLaren said the results were slightly ahead of expectations and brought a sense of clarity which will support medium-term growth prospects.He raised his rating on SSE stock to “buy,” saying: “With the stock having underperformed the UK utilities since June, we see the renewed clarity and management confidence as positive.”“The past six months have not been easy, with low renewable energy output and higher wholesale gas costs contributing to a challenging business environment,” Smith said. whatsapp More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comColin Kaepernick to publish book on abolishing the policethegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comConnecticut man dies after crashing Harley into live whatsapp John Dunne Tags: NULL last_img read more

AG Leventis Plc ( Q32019 Interim Report

first_imgAG Leventis Plc ( listed on the Nigerian Stock Exchange under the Industrial holding sector has released it’s 2019 interim results for the third quarter.For more information about AG Leventis Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the AG Leventis Plc ( company page on AfricanFinancials.Document: AG Leventis Plc (  2019 interim results for the third quarter.Company ProfileThe A.G. Leventis Group is a leading manufacturing and distribution company in Nigeria and West Africa supplying a variety of products and services across a range of industries including general dealerships, motor dealerships and real estate. The company has business interests in supplying power and gas products, consumer foods and bakery products and printing supplies as well as offers products and services for the real estate, hotel and commercial vehicles sectors. AG Leventis (Nigeria) Plc operates through a number of subsidiaries; Leventis Foods Plc, Leventis Motors, Abuja (Capital Motors) Plc, Mainland Hotels, Leventis Real Estate, Druckfarben Nigeria Plc and Chrisstahl Nigeria Plc. The company was established by Chief AG Leventis in Ghana in 1937 and mainly supplied local and imported textile products. It devolved into Leventis Motors Plc, Leventis Stores Plc, Leventis Technical Plc whilst it retained ownership of valuable freehold and leasehold property throughout Nigeria. Through a series of mergers and schemes of arrangement, the independent companies were dissolved and AG Leventis (Nigeria) Plc was established. The company’s head office is in Lagos, Nigeria. AG Leventis (Nigeria) Plc is listed on the Nigerian Stock Exchangelast_img read more