SSE Sse Plc

LONDON--SSE PLC (SSE.LN) said on Wednesday it expects to return to growth in fiscal 2017 and report underlying earnings per share of at least 120 pence, adding that it is going to meet its main financial objectives for the full year, including raising the dividend.

The electricity and gas company also said that for the first half of the fiscal year it is going to report adjusted earnings per share of at least 33 pence.

The operating profit from the networks unit is expected to "increase slightly" in the first half, the company said.

But the wholesale division "is expected to be negatively impacted by the significantly lower output of electricity from renewable sources than in the same period in 2015," the company added.

In retail, results are also expected to be negatively impacted by rising non-energy costs, SSE said.

Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga

(END) Dow Jones Newswires

September 28, 2016 02:43 ET (06:43 GMT)

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