SSE PLC Raises Profit Guidance Before Results—Here’s the Accounting Move Behind It
SSE raised its full-year adjusted earnings per share guidance to 149p-154p from 147p-152p after changing how it accounts for Neos Networks losses. The adjustment follows the carrying value of its Neos equity investment falling to nil, preventing further loss recognition under IAS 28. Full-year results are due May 28. SSE shares traded at 2,448p, down 1.29% near midday in London.