By Sabela Ojea

SSE PLC said Tuesday that it expects to suffer a significant coronavirus-related hit to adjusted operating profit for the full year, in line with guidance, and that it continues to back its view for the year.

The FTSE 100 energy company said the pandemic's negative impact on its full-year adjusted operating profit is now expected to be around 180 million pounds ($247.8 million), after an earlier forecast of that impact being in the GBP150 million-GBP250 million range.

The company said it intends to recommend a full-year dividend of 80 pence a share. It also said it is "progressing options" for a sale of its equity stake in Scotia Gas Networks.

"We are making good progress in renewables with our flagship projects on track and we are also generating further growth options internationally to complement our enviable pipeline, which had its value underlined in the recent seabed auction process. We are also seeing encouraging progress in the Government's process for carbon capture and storage projects, where we have options at Peterhead and Keadby," Finance Director Gregor Alexander said.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

03-30-21 0240ET