SSE Airtricity profits hold despite UK parent taking huge Covid earnings hit

The Irish operations generated a reported operating profit of £20.4m, up from £16.4m for the first six months of the preceding financial year.

Irish energy utility SSE Airtricity saw its profits inch higher through the first wave of Covid restrictions, even though its British parent took a massive hit to earnings due to the pandemic.

British utility SSE said it took a £115m (€128m) profit hit in the first half of its financial year — the six months to the end of September — as the UK’s Covid restrictions lowered energy demand in that country.