Renewable electricity supplier Good Energy has said following a “strong first half of the year” it predicts trading to be ahead of expectations.
In a trading update, for the 10 months to October 31, the Wiltshire-based energy services provider said if seasonal normal weather and stable commodity market conditions continue for the remainder of the year, Good Energy expects to deliver earnings ahead of the Board’s expectations for the full year seeing a profit before tax of at least £4m.
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In September the company reported revenue of £156.1m for the six months to June – up 45% on the first half of the previous financial year. The AIM-listed firm’s profit after tax for the period lept to £12m from £300,000 a year earlier.
Bosses at the Chippenham-based business said the “strong” set of unaudited interim results had been driven in part by diversifying its offering, with the firm acquiring solar installation business
In its update on Tuesday (November 28) Good…
