Energy firm SSE sees pre-tax profits up 9.6%

Energy company Scottish and Southern Energy (SSE) has announced pre-tax profits increased 9.6% in the year to 31 March.

The firm said investment in gas production was largely behind the figures, as its retail profits fell 28.6%.

ITV News Business Editor Joel Hills reports:

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SSE reports pre-tax profit of £1.5 billion for last year, retail business made less money due to mild weather, also lost 370,000 accounts

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SSE making more money generating electricity but less selling it (and gas) to households. Retail profit just under 3 pence in the pound.

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SSE says it's commitment to freeze energy bills between March 2014 and Jan 2016 will cost it £100 million.

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