Scottish Power and EDF announce £3bn in profits, which is irritating
Yesterday, we told you that EDF were boo-hooing at their loss-making, ostensibly asking us broke-ass swines to feel sorry for them. Today, along with Scottish Power, they've announced that they've made profit of nearly £3billion last year, while you and your family warm your hands on a drawing of some fire.
Scottish Power saw profits rise by 12% to £1.2billion, which is a figure that doesn't really take in the money they'll make on the 7% bill hike that they announced in December.
Keith Anderson, chief corporate officer at Scottish Power, said: "We need to make money in order to invest for decades to come." That means they're trying to appease by saying 'don't worry! We're making some wind-farms! See? Isn't that better now?'
EDF, meanwhile, announced that profits in the UK jumped-up by 7.5% to somewhere just shy of £1.7billion last year.
Chief executive Vincent de Rivaz said: "Within the context of the huge investment we have made in our business, these earnings represent a fair return." Course they do mate. Well done. Big clap.